Riyadh - Mubasher: Sumou Real Estate Company was awarded a SAR 135 million contract with Diyar Real Estate Development Fund Company on 17 August 2025, according to a bourse filing.
Sumou Real Estate will handle the development and execution of infrastructure works in the South Obhor neighbourhood in the city of Jeddah, with a total area of 960,000 square meters.
Diyar represents a real estate fund managed by Sedco Capital Company.
During the first half (H1) of 2025, the Tadawul-listed company recorded an annual growth of 11.10% in net profit to SAR 59.44 million, compared to SAR 53.50 million.
