Sumou Real Estate Co.

Sumou Real Estate Co. is a Saudi Arabian real estate development company listed on the Saudi Exchange under ticker 4323. The company focuses on developing residential and commercial properties, including land subdivision, infrastructure projects, and building construction. It operates primarily in the Kingdom of Saudi Arabia, targeting both end-users and investors seeking quality real estate assets.

Sumou generates revenue through the sale of developed properties, land plots, and real estate projects. Its business model involves acquiring land, obtaining necessary approvals, developing infrastructure, and constructing residential or commercial units for sale. The company also engages in contracting and project management services. Revenue is recognized upon delivery or completion of projects, with a strong emphasis on timely execution.

The company competes in the Saudi real estate development sector, which is driven by government initiatives like Vision 2030, urbanization, and housing demand. Sumou positions itself as a mid-tier developer with a focus on quality and timely delivery. Its financial metrics show strong growth, with revenue up 82.81% year-over-year and a profit margin of 24.48%. The company has low debt (19.65M SAR) relative to cash (54.51M SAR), indicating a conservative financial profile.

Sumou's primary customers are Saudi nationals and residents seeking residential properties, as well as investors looking for commercial real estate. Its main geographic market is Saudi Arabia, particularly in major cities like Riyadh, Jeddah, and Dammam. The company benefits from the country's growing population and housing demand, supported by government programs such as Sakani.

An auto-generated descriptive profile based on company data, for informational purposes only.