On July 5, 2026, Alandalus Property Co. announced that its wholly owned subsidiary, Alandalus Litashid Almabani Aldirasia Company, signed a contract on July 2, 2026, with Madaras Ajeal Alyamama Company for the development and leasing of a dual-curriculum educational complex in Al Naseem District, Riyadh City. The project involves the purchase of an 11,000 square meter plot of land, on which an educational complex of 16,000 square meters will be constructed at an estimated development cost of SAR 33,650,000, designed to accommodate up to 2,000 male and female students. Upon completion, the facility will be leased to Ajeal Alyamama Company under a 25-year lease agreement, with a total net rental value of SAR 156,881,280 (excluding VAT). The financial impact is expected to be reflected positively in the company's financial statements starting from the third quarter of 2027, in line with Alandalus Property Co.'s 2026–2030 strategy to diversify its investment portfolio and expand into the educational facilities sector.

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