Riyadh – Mubasher: Alandalus Property Company shifted to net profits after tax amounting to SAR 27.23 million in the first nine months (9M) of 2026, against net losses of SAR 10.39 million in 9M-25.
The earnings per share (EPS) hit SAR 0.29 in 9M-26, versus a loss of SAR 0.11 a year earlier.
At the end of September 2026, the revenues amounted to SAR 212.36 million, driven by growth across all operating segments.
The retail and operations sector grew by 18%, while the office and hospitality sectors saw increases of 31% and 62%, respectively.
Operating profit surged +117.88% to SAR 90.92 million, supported by higher occupancy rates at Alandalus Mall and improved results from equity-accounted investments, including the West Jeddah Hospital Company.
For the third quarter (Q3) alone, net profit reached SAR 14.92 million, a sharp increase from SAR 580,000 in Q3-25. Revenuee climbed by 18.61% to SAR 71.57 million.
Separately, the company disclosed that its subsidiary, Alandalus Facilities Logistics, acquired land in Riyadh for SAR 83.80 million in October to expand its logistics footprint.
