21 Hrs
معلومات مباشر
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معلومات مباشر

2026-11-03T06:18:00.260Z

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Al-Andalus Q3 profit up

Al-Andalus Q3 profit up

Alandalus Property Company’s net profit surged to SAR 14.92 million in the third quarter of 2026, compared with SAR 580,000 in the same quarter a year earlier, and rose 41.56% from the second quarter. Revenue increased 18.61% to SAR 71.57 million, while operating profit climbed 88%. The company attributed the improvement to higher revenue and operating profit, better results from investee companies, and lower provisions for expected credit losses and financing costs. In the first nine months of 2026, the company returned to profitability, posting a profit of SAR 27.23 million, compared with a loss of SAR 10.39 million in the same period of 2025.

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