Building Legacy, Driving Growth
Discover our origins, objectives, leadership, and the values guiding our business and growth over the years.
Discover our origins, objectives, leadership, and the values guiding our business and growth over the years.
Discover our origins, objectives, leadership, and the values guiding our business and growth over the years.
Alandalus property was established in 2006 as a saudi joint-stock company with an initial capital of sar 238.9 million. the company laid the foundation for a new vision in real estate investment, focusing on commercial centers and diversified property development across the kingdom.
In response to its early success and growing investment opportunities, alandalus property increased its capital from sar 238.9 million to support new development projects. this milestone marked the company’s strategic shift toward expanding its portfolio and solidifying its presence in the saudi real estate market.
In 2015, alandalus property increased its capital to sar 700 million through retained earnings, reflecting strong financial performance and strategic growth. that same year, the company achieved a major milestone by being listed on the saudi stock exchange (tadawul), marking a new chapter of transparency, expansion, and investor engagement.
Alandalus property was established in 2006 as a saudi joint-stock company with an initial capital of sar 238.9 million. the company laid the foundation for a new vision in real estate investment, focusing on commercial centers and diversified property development across the kingdom.
capital base to a strong public market presence. these key indicators reflect our stability, growth, and commitment to delivering long-term value. whether you're an investor, partner, or
Creating exceptional projects, destinations, and landmarks by leading the transformation from shopping and business-focused destinations to spaces that enhance interaction and connectivity among individuals in saudi arabia.
To develop and operate a portfolio of unique and distinguished destina- tions that enhance guest, customer, and community interaction through experiences that foster loyalty, increase visitation rates, and deliver sustainable value, ultimately achieving unparalleled growth.
The Company distinguished by corporate values through which it strives to achieve its goals, as follows:
The Company’s primary activity is real estate development and investment. Its main objectives, as outlined in its Articles of Association, include:
The company owns five commercial centers with varying ownership percentages
AlAndalus mall in jeddah, wholly owned by al ahli reit 1 fund, which the company's ownership in the fund is 68.73%.
Hayat mall in riyadh, wholly owned by al hayat property co., which Alandalus property co. ownership in the company's is 25%.
Dareen mall in dammam, wholly owned by advanced markets co., which alandalus property co. ownership in the company's is 50%.
The village mall in jeddah, wholly owned by al jawhara al kubra co., which Alandalus property co. ownership in the company's is 25%.
Masat mall in makkah, wholly owned by masat property co., which Alandalus property co. ownership in the company's is 25%. (under construction)
Alandalus property company building, wholly owned by alandalus property co.
Salama office tower, wholly owned by al ahli reit I fund, which the company's ownership in the fund is 68.73%.
Quibec commercial building, wholly owned by al ahli reit I fund, which the company's ownership in the fund is 68.73%.
Yasmin AlAndalus office tower, wholly owned by AlAndalus property co.
Malqa AlAndalus building (mwaned al-tamayuz), developed by Alandalus property company on leased land, (under construction).
Alandalus mall hotel, wholly owned by al ahli reit I fund, which the company's ownership in the fund is 68.73%. the company developed a hotel tower adjacent to Alandalus mall, with a total area of 28.225 m2, which opened in q2 2017. consist of 164 rooms, entertainment facilities, meeting rooms, international restaurants, and a health club.
Dr. sulaiman al-habib medical services hospital - al-fayha
hospital, wholly owned by west jeddah hospital company co.,
which Alandalus property co. ownership in the company's is 50%.
the hospital includes 350 beds across various medical
departments and 245 outpatient
clinics, providing comprehensive healthcare services according
to the highest international medical standards. the hospital is
located on a 3,480 m2 plot with a built-up area of 30,006 m2 and
it was opening and operating in q1 2024. the company's primary
activity is real-estate development and investment. its main
objectives, as outlined in its articles of association, include
31 Alandalus property Alandalus property 32.
