{
  "id": 17926044,
  "title": "Alandalus Property Swings to 27.23M SAR Profit",
  "url": "https://urgent.news/2026/11/03/alandalus-property-swings-to-27-23m-sar-profit",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-03T07:06:48.000Z",
  "source": {
    "name": "The Saudi Standard",
    "slug": "the-saudi-standard",
    "url": "https://saudistandard.com/2026/11/03/alandalus-property-swings-to-27-23m-sar-profit/"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "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…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}