Alandalus Real Estate Development Company is a leading real estate developer in Saudi Arabia. The company was established in 2001 and has since been involved in various real estate projects nationwide. Alandalus Property Company was a private shareholding company with a capital of $63.7 million. Today, it has a capital of $248.8 million divided into 93.3 million ordinary shares.
Some key points to note about Alandalus Real Estate Development Company are:
- The company has a diverse portfolio of real estate projects, including residential, commercial, and retail properties.
- The company has a strong reputation for delivering projects on time and within budget, which has helped it establish itself as one of the country’s most reliable real estate developers.
- Website: https://alandalus.com.sa/
- Contact Information: +966114506760
Company Overview
Vision and Mission
Alandalus Property Co’s vision is to be a leading company in Saudi Arabia. The company’s mission is to create and manage unique and compelling destinations differentiated by engaging guests, customers, and stakeholders. The company commits to creating value for its shareholders, customers, and partners by developing innovative projects that cater to Saudi Arabia’s market needs.
The following bullet points provide additional information about Alandalus Real Estate Development Company:
- Alandalus Property Co is a pioneering Tadawul-listed real estate company specializing in the development and operation of properties nationwide.
- The company’s CEO is Hathal bin Saad Al-Otaibi.
- Alandalus Property Co. has a strong presence in the Saudi Arabian real estate market and commits to creating value for its shareholders, investors, customers, and partners.
- The company has a diverse portfolio of real estate projects, including commercial, residential, and mixed-use developments.
- Alandalus Property Co. is headquartered in Riyadh, Saudi Arabia.
Key Projects and Developments
Alandalus Mall
Alandalus Mall is a large shopping mall located in Jeddah, Saudi Arabia. It launched in 2007 and has a total area of 148,481 sq.m, including built-up areas and parking. The mall comprises 342 stores, holding a total rental area of 88,863 sqm, spread across two floors. It is one of the critical projects of Alandalus Real Estate Development Company and has been a major commercial success.
Hayat Mall
Hayat Mall is another shopping mall located in Riyadh, Saudi Arabia. It launched 2009 and spreads over 120,000 sq.m. The mall has 400 shops, including various international and local brands. The mall also has a large food court, a cinema complex, and a bowling alley.
Residential Complexes
Alandalus Real Estate Development Company has developed a range of residential complexes in various parts of Saudi Arabia. These complexes provide high-quality housing options for families and are designed to cater to different budgets. The company strongly focuses on sustainability, and all its residential complexes are built using eco-friendly materials and technologies.
Commercial Units
In addition to its shopping malls and residential complexes, Alandalus Real Estate Development Company has also developed a range of commercial units in various parts of Saudi Arabia. The company also offers businesses various support services, including IT support, security, and maintenance services.
- Alandalus Mall and Hayat Mall are two critical shopping malls developed by Alandalus Real Estate Development Company.
- The company has also developed a range of residential complexes and commercial units in various parts of Saudi Arabia.
- The company’s projects are designed to provide high-quality and sustainable solutions for individuals and businesses.
- Alandalus Real Estate Development Company strongly focuses on customer satisfaction and provides support services to ensure its customers are happy with their investments.
Investment and Financial Performance
Stock Market Presence
Alandalus Real Estate Development Company is a publicly traded company known as Tadawul on the Saudi Stock Exchange. The company is listed under the code number 4320. Alandalus Property’s stock market presence is proof of its financial stability.
Annual Profits
Alandalus Real Estate Development Company has consistently reported solid annual profits. According to the company’s financial reports for the fiscal year ending September 30, 2023, it reported a net profit of SR 57.6 million, a 547% increase from the same period in 2020. This profit increase was mainly due to the rise in total revenues, especially from the retail and office sectors.
The company’s financial strength is further evidenced by its dividend distribution policy. Alandalus Property has announced its dividend distribution policy for 2021, 2022, and 2023, aiming to maintain a minimum dividend per share of 60% of the net profit annually. This policy ensures shareholders receive a fair share of the company’s profits.
In terms of capital, Alandalus Property has a solid financial position. The company has invested in income-generating real estate assets across the Kingdom of Saudi Arabia, contributing to its financial stability and growth.
Overall, Alandalus Real Estate Development Company’s stock market presence and solid financial performance make it an attractive investment opportunity for Saudi Arabia’s real estate sector.
- The company is publicly on the Saudi Stock Exchange
- Alandalus Property’s financial reports show consistently substantial annual profits
- The company has a dividend distribution policy to ensure a fair share of profits for shareholders
- Alandalus Property has invested in income-generating real estate assets across the Kingdom of Saudi Arabia, contributing to its financial stability and growth.
Strategic Partnerships and Operations
Business Partnerships
Alandalus Real Estate Development Company in Saudi Arabia has established strategic partnerships with various entities in the industry to drive its operations and growth. These partnerships allowed the company to use its partners’ expertise and resources to create unique and compelling destinations for its customers.
Some of the business partnerships that Alandalus has established include:
- Collaborating with stakeholders to develop and provide exceptional consumer engagement through all services and offerings within, across, and outside Alandalus Property developments.
- Strategic partnerships with the right partners deliver the best outcomes.
- Continuously studying the market to identify potential partners and opportunities for collaboration.
Operational Excellence
Alandalus Real Estate Development Company in Saudi Arabia commits to operational excellence in all its endeavors. The company’s operations are guided by strategic objectives that drive its focus on delivering value to its customers and stakeholders.
Some of the critical areas where Alandalus focuses on operational excellence include:
- Providing exceptional customer service and engagement through all services and offerings within, across, and outside Alandalus Property developments.
- Ensuring that its properties are well-maintained and managed to the highest standards.
- Continuously improving its operations through the use of technology and innovation.
Alandalus Real Estate Development Company in Saudi Arabia has established strategic partnerships and focuses on operational excellence to drive its growth and success in the industry.
Future Expansion and Innovation
Technology Integration
Alandalus Real Estate Development Company in Saudi Arabia commits to utilizing the latest technology to provide modern and innovative solutions to its clients. The company has already implemented various technological advancements in its projects, such as smart building systems, energy-efficient solutions, and digital security measures.
To achieve its technology goals, Alandalus is investing in development and research to beat every competition in the real estate industry. By integrating technology into its projects, Alandalus aims to provide high-quality projects that are sustainable, efficient, and modern.
Some of the ways Alandalus is integrating technology into its projects include:
- Smart systems that save energy and reduce costs
- Digital security measures such as biometric access control and surveillance systems
- Artificial intelligence and machine learning to improve building operations and maintenance
Market Expansion
Alandalus is exploring new markets in the Middle East and beyond to achieve its expansion goals. The company also partners with local and international investors to develop new projects and expand its portfolio. By expanding its market reach, Alandalus aims to provide high-quality projects to a broader range of clients and create new growth opportunities.
Some of the ways Alandalus is expanding its market reach include:
- Exploring new markets in the Middle East and beyond
- Partnering with local and international investors to develop new projects
- Expanding its portfolio of quality projects to meet the needs of more clients
Alandalus Real Estate Development Company in Saudi Arabia commits to utilizing the latest technology and expanding its market reach to provide high-quality projects to its clients. By integrating technology into its projects and exploring new markets, Alandalus aims to stay ahead of the curve in the real estate industry and provide innovative solutions to its clients.
Saudi MLS
Become a leading real estate professional by subscribing to the premium multiple listing service, Saudi MLS. As a real estate agent, Saudi MLS will help you access a range of properties for sale, showcase your properties, connect with real estate professionals, and find suitable clients and investors. Saudi MLS will also open your projects for foreign investments, further expanding your market reach. Learn more by clicking here.
Frequently Asked Questions
What types of properties does Alandalus Real Estate Development offer in Saudi Arabia?
- Alandalus Real Estate Development offers income-generating properties across the Kingdom of Saudi Arabia, including hotels, residential, and commercial properties.
How can one invest in the Riyadh REIT Fund associated with Alandalus properties?
- The Riyadh REIT Fund with Alandalus properties is on the Saudi Stock Exchange (Tadawul) and can be bought and sold through licensed brokers.
What are the investment opportunities with SEDCO Capital REIT Fund concerning Alandalus developments?
- SEDCO Capital REIT Fund offers investment opportunities in Alandalus properties, including the Alandalus Mall and the Alandalus Office Tower.
Who is the current owner of the Al Andalus Mall, and what is its relationship to Alandalus Real Estate Development?
- The Al Andalus Mall’s current owner is AlAhli REIT Fund, in which Alandalus Real Estate Development holds a stake. Alandalus Property Company manages the mall.
Can you provide information on the latest real estate projects by Alandalus in Riyadh?
- Alandalus is developing the Alandalus Square project in Riyadh, including residential and commercial properties and hotel and entertainment facilities.
