Adeer debuts on Nomu at SAR 85/shr today

Adeer floated one million shares on Nomu. The offering was nearly 679.7% covered, with 927 qualified investors subscribing.

The offered shares represented 20% of the company’s capital, amounting to SAR 50 million (divided into five million shares with a par value of SAR 10 each).

This is the 12th listing on Nomu in 2025, following Shmoh Almadi Co. debut on Jan. 13, ITMAM Consulting Co. on Jan. 23, Alshehili Co. for Metal Industries and Twareat Medical Care Co. on Jan. 29, Basma Adeem Medical Co. (Smile Care) on Feb. 3, Lamasat Co. on Feb. 9, Hedab Alkhaleej on March 5, RATIO on March 9, Future Vision for Health Training Co. on April 27, Service Equipment Co. on May 4, and Dkhoun National Trading Co. on May 20.

Last year, Nomu witnessed 30 IPOs, including three direct listings and 27 offerings to qualified investors.

This listing brings the number of Nomu firms to 116, in addition to Alwaha REIT Fund.

Company Overview

Founded as a limited liability company in 2012 in the Eastern Region, the company specializes in real estate marketing and sales management, through direct sales, real estate auctions, and sales centers. This is in addition to property management through sustainable management solutions, including maintenance, operations, and periodic reporting on leasing status and occupancy rates.