Shares of Adeer Real Estate climbed 4.9% on their first day of trading on the Saudi parallel market Nomu, closing at SAR 89.20—up SAR 4.20, Invest-Gate reports.

The trading session saw 174,951 shares change hands through 730 executed transactions, with a total value of SAR 16.6 mn.

The company listed its shares under the trading code 9634 and international code SA16A1AKMH11, describing the move as a strategic step that reflects the strength of its operations and the market’s confidence in its business model.

Adeer offered 1 mn shares, representing 20% of its capital of SAR 50 mn, distributed across 5 mn shares with a nominal value of SAR 10 per share. The offering achieved a record subscription coverage of 679.7%.

Muteb Hamad Al Saad, CEO and Managing Director of Adeer Real Estate, described the listing as a key milestone in the company’s growth plans. He noted that the company aims to provide specialised real estate marketing services that support urban development and meet market and investor expectations.

He added that Adeer is committed to supporting Saudi Arabia’s economy and contributing to Vision 2030 targets, which outline a path toward economic diversification and enhanced sector performance, particularly real estate.

Al Saad affirmed the company’s adherence to governance and transparency standards, praising the support from the Capital Market Authority and Saudi Tadawul, and acknowledging the role of the General Real Estate Authority in strengthening the sector. He also thanked the company’s team and investors for their trust.

Engineer Basel Al-Sirafi, CEO of Adeer International, stated that the listing provides a new capital source and supports broader financial market development. He noted that Adeer plans to list part of its shares on the Egyptian Exchange within five years.