Adeer pens contract to market, sell Makkah property

16/09/2025 Argaam
Logo ofAdeer Real Estate Co.

Logo of Adeer Real Estate Co.

Adeer Real Estate Co. signed today, Sept. 16, a contract with Al Ahli Diyafa Real Estate Co. to market and sell the former's 10,037-square-meter land property in Makkah, according to a Tadawul statement.

 

The contract value is estimated at approximately 7% of Adeer's annual revenues, based on its last audited income statement.

 

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The contract runs for six months as of the signing date.

 

The deal is expected to have a positive financial impact upon the sale and transfer of the land to the potential buyer and the marketing company’s fee collection.

 

Adeer's revenues reached SAR 121 million, as per the latest 2024 financials. A 7% share represents nearly SAR 8.5 million, according to Argaam data.

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