Alandalus Property Swings to 27.23M SAR Profit
Jeddah, Saudi Arabia — Alandalus Property Co. reversed a 10.39 million SAR loss to post a 27.23 million SAR net profit in the nine months ending 30 September 2026. That swing — from deep red to solid black — was driven by surging operating profit, stronger occupancy across all assets, and improving results from equity-accounted […] The post Alandalus Property Swings to 27.23M SAR Profit appeared…
Jeddah, Saudi Arabia — Alandalus Property Co. posted a 27.23 million SAR net profit for the nine months ending September 30, 2026, after turning a 10.39 million SAR loss in the same period a year earlier. Strong operating profit, improved occupancy, and better results from investees in its equity accounted investments all contributed to the profit reversal. Revenue increased 24.4% to 212.36 million SAR, while gross profit jumped 36.7% to 139.47 million SAR. Operating profit doubled, climbing 117.9% to 90.92 million SAR.
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