Alandalus Property Acquires Riyadh Education Land for SAR 23.65M
ALANDALUS 4320.SA | 0.00 |
On July 5, 2026, Alandalus Property Co. announced that its wholly owned subsidiary, Alandalus litashid almabany aldirasia Company, completed the purchase of a land plot designated for educational complex use in Al Naseem District, Riyadh City, with a total area of 11,000 square meters. The transaction, entered into on July 4, 2026, was valued at SAR 23,650,000 (inclusive of Real Estate Transaction Tax and brokerage fees), financed through the company's own financial resources and bank facilities. The acquisition aligns with Alandalus Property Co.'s 2026–2030 strategy to diversify its investment portfolio and expand into the educational facilities sector, with the financial impact expected to be reflected in the company's financial statements during the third quarter of 2026.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=96627&anCat=1&cs=4320&locale=arImportant Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.
