Riyadh – Mubasher: Alzakary Holding Company emerged as a new major shareholder in Alandalus Property Company.
The new equity ownership followed a transaction that represents the largest ownership shift on the Saudi Exchange (Tadawul) on 23 July 2026 compared to the previous session.
Alzakary Holding acquired a 17.2804% stake in Alandalus Property, having previously held no disclosed position above the 5% reporting threshold.
The entry of Alzakary Holding marks a substantial change in the ownership structure of the listed real estate developer, which focuses on the development and management of commercial malls and hospitality assets across the Kingdom.
This move was the most significant among all listed companies during the latest reporting period, as no other major shareholder adjustments reached this magnitude.
It is worth noting that Tadawul’s disclosures track changes in ownership for investors holding 5% or more of a company's total shares.
As of 15 July 2026, market-making activities for three listed companies including Alandalus Property have been terminated upon a request from Morgan Stanley KSA to Tadawul.
