Al Andalus subsidiary buys Riyadh logistics land
Al Andalus Real Estate Company completed the purchase of a logistics land parcel in Al-Mashaael neighborhood in Riyadh through its subsidiary, Al Andalus Logistics Utilities. The plot covers an area of 44,550 square meters and was acquired at a total cost of 83.8 million SAR, aiming to develop logistics warehouses. The funding was secured from internal resources and bank facilities. The transaction was finalized on October 18, 2026, and its financial impact is expected to be reflected in the company's results during the fourth quarter of the same year. This step aims to diversify the company's investment portfolio in line with its strategy from 2026 to 2030 and to expand its activities in the logistics services sector.
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