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February 13, 2016 11:21 PM ET

Real Estate Management and Development

Company Overview of Alandalus Property Company

Company Overview

Alandalus Property Company engages in commercial real estate investment and development activities in Saudi Arabia. The company is involved in the construction, possession, and management of commercial centers and malls, and commercial and residential complexes; and construction, possession, investment, maintenance, and operation of medical, hotel, and tourist centers. It also engages in general contracting for construction of residential and commercial buildings, roads, dams, water projects, sanitation, electrical, and mechanical works, as well as educational, recreational, and health establishments. In addition, the company maintains and operates real estate facilities, buildings, and comm...

P.O Box 260020

Riyadh,  11342

Saudi Arabia

Founded in 2006

35 Employees

Phone:

966 11 47 00 735

Fax:

966 11 45 06 760

Key Executives for Alandalus Property Company

Alandalus Property Company does not have any Key Executives recorded.

Alandalus Property Company Key Developments

Alandalus Property Company Announces Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2015

Alandalus  Property Company announced earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, the company’s net profit was SAR 21.71 million, compared to SAR 21.61 million for the same quarter ended December 31, 2014. Operational profit was SAR 23.58 million, compared to SAR 24.88 million for the same quarter ended December 31, 2014. For the full year, the company’s net profit was SAR 94.1 million, or SAR 1.34 per share, compared to SAR 86.81 million, or SAR1.24 per share, for the year ended December 31, 2014. Operational profit was SAR 103.42 million, compared to SAR 97.05 million for the year ended December 31, 2014.

Al-Andalus Plans IPO

Al-Andalus Property Company will launch an initial public offering (IPO) in mid-December 2015, , the market regulator said in a statement. Al-Andalus aims to sell 21 million shares, representing 30% of its share capital, the statement said.

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