September 23, 2017 11:06 AM ET

Real Estate Management and Development

Company Overview of Alandalus Property Company

Company Overview

Alandalus Property Company engages in the commercial real estate investment and development activities in the Kingdom of Saudi Arabia and the Middle East. It operates and manages shopping and commercial centers; and offers consultancy, appraisal, leasing, marketing, security, cleaning, and renovation services, as well as mall feasibility studies. The company serves property owners, investors, and tenants. Alandalus Property Company was incorporated in 2006 and is based in Riyadh, Saudi Arabia.

PO Box 260020

Riyadh,  11342

Saudi Arabia

Founded in 2006

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 Second Quarter and Six Months Ended June 30, 2017

Alandalus Property Company announced earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company’s net profit was SAR 27.57 million compared to SAR 24.85 million a year ago. Operational profit was SAR 29.54 million compared to SAR 26.83 million a year ago. Net profit increased mainly because of the increase in rent revenues which led to the increase in gross profit and operating profit and despite the increase in cost of revenues mainly after starting the operations in Staybridge Hotel in the current quarter. For the six months, the company’s net profit was SAR 77.01 million compared to SAR 49.65 million a year ago. Operational profit was SAR 57.98 million compared to SAR 53.58 million a year ago. Earnings per share was SAR 1.1 against SAR 0.71 a year ago. Net profit increased because of the increase in rent revenues which led to the increase in gross profit and operating profit. Furthermore, Net profit increased due to the decrease in financing costs in addition to the occurrence of gains on a land which has been excluded from investment properties and treated as in kind share to associate company. All above reasons led to the increase in net profit, gross profit and operating profit despite the increase in cost of revenues mainly after starting the operations in Staybridge Hotel in current the quarter.

Alandalus Property Company Announces Earnings Results for the Three Months Ended March 31, 2017

Alandalus Property Company announced earnings results for the three months ended March 31, 2017. For the quarter, the company’s net profit was SAR 49.45 million, compared to SAR 24.8 million a year ago. Operational profit was SAR 28.44 million, compared to SAR 26.75 million a year ago. Earnings per share was SAR 0.71 against SAR 0.35 a year ago. Net profit increased as result of, the increase in rent revenues which led to the increase in gross profit. During the current quarter Total revenues reached SAR 32.70 million to achieve 3.19% increase compared to SAR 31.69 million in the same quarter from previous.

Alandalus Property Co Reports Earnings Results for the Year Ended December 31, 2016

Alandalus Property Co reported earnings results for the year ended December 31, 2016. For the year, the company reported net profit of SAR 100.52 million or SAR 1.44 per share compared to SAR 94.07 million or SAR 1.34 per share, operational profit SAR 107.44 million compared to SAR 103.39 million for the last year. Net profit mainly increased as result of, the increase in rent revenues and the decrease in cost of revenues.

Similar Private Companies By Industry

Company Name Region
Abdullah M. Bin Saedan & Sons Real Estate Company Middle East/Africa
Ahmed Saleh Kaki Sons Co. Ltd. Middle East/Africa
Akeed Leasing & Marketing Middle East/Africa
Al Nahla Group of Companies Middle East/Africa
Al Numu Real Estate Company Middle East/Africa

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
\
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
The Advertising Council, Inc. United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Tax Management Inc United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Alandalus Property Company, please visit www.alandalus.com.sa. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.