Adeer Real Estate appoints Musharaka Capital as a financial advisor to list its shares in the Saudi market

Adair Real Estate Appoints Musharaka Financial as Financial Advisor for Listing on Nomu – Parallel Market

Adair Real Estate has appointed Musharaka Financial as its financial advisor in preparation for listing its shares on the Saudi Nomu – Parallel Market, in accordance with applicable registration and listing regulations. This step underscores Adair’s strength and ability to continue its successful path of expansion and growth.

The agreement was signed by Muteb bin Hamad Al-Saad, CEO of Adair Real Estate, and Ibrahim bin Fahd Al-Assaf, CEO of Musharaka Financial.

Adair Real Estate is one of the leading real estate marketing companies in Saudi Arabia, with a strong track record of achievements. It has successfully marketed numerous major real estate projects, managed key real estate auctions, and conducted various real estate studies and research. Adair aims to be a leader in its field by offering marketing services that meet its clients’ expectations, relying on its extensive experience and a highly skilled, professional team.

Strategic Objectives Behind the Listing

Muteb Al-Saad stated that Adair’s intention to list its shares in the Saudi market aligns with its efforts to ensure sustainable growth, expand its operations, enhance its professional work environment, and strengthen its investment activities. The listing will also help Adair implement best corporate governance practices, positively impacting the company’s revenues, positioning, and long-term sustainability.

He emphasized that the selection of Musharaka Financial as the financial advisor was based on its extensive experience and strong reputation in asset management, financial consulting, and investment services. Musharaka also has a specialized team that will help ensure the success of Adair’s IPO.

The Potential of the Nomu – Parallel Market

Al-Saad highlighted that Nomu – Parallel Market has gained strong traction in the Saudi financial market since its launch, representing an attractive investment opportunity for companies playing a key role in supporting the national economy and contributing to Vision 2030.

Musharaka Financial’s Role

Ibrahim bin Fahd Al-Assaf, CEO of Musharaka Financial, praised Adair’s decision to go public, stating that its listing would be a valuable addition to the market given the company’s strong reputation and capabilities as one of the largest real estate marketing firms in Saudi Arabia. He also emphasized that listing on the stock exchange is a crucial step in enhancing governance and ensuring business continuity.

Al-Assaf expressed his gratitude for Adair’s trust in Musharaka Financial, confirming that the firm is well-positioned to support the IPO. He highlighted Musharaka’s strong investor base, which includes prominent companies and business leaders, along with its highly experienced investment team that understands market dynamics and regulatory requirements.

About Musharaka Financial

Musharaka Financial is licensed by the Capital Market Authority (CMA) under license number (27-13169) to engage in various financial activities, including asset management, investment advisory, and securities custody. Its investment banking team offers a range of financial and investment services, including project and corporate financing arrangements, capital market advisory, and strategic transactions such as capital raises, mergers, and acquisitions.