Which subsidiary of Alandalus Property made the acquisition?

The acquisition was made by Marafiq Alandalus Allujistiyah, a key subsidiary of Alandalus Property.

What is the size and location of the acquired land plot?

The acquired land plot spans 44,550 sqm and is situated within the Al Mashael District in Riyadh.

What is the purpose of this land acquisition?

The land will be used for the development of logistics warehouses and other associated facilities, aligning with Alandalus Property's strategy to expand into the logistics sector.

What was the purchase price of the land?

The land was acquired for SAR 83.8 million, which is approximately $22 million.

How was the acquisition funded?

The acquisition was entirely funded through Alandalus Property's internal resources and existing bank facilities.

All news

Market·23 October 2026

Alandalus Property Unit Acquires Prime Logistics Land in Riyadh for SAR 83.8 Million

Marafiq Alandalus Allujistiyah, a subsidiary of Saudi-based Alandalus Property, has purchased a 44,550 sqm plot in Riyadh's Al Mashael District for SAR 83.8 million to develop logistics warehouses.

Alandalus Property, a Saudi-based real estate developer, has announced that its subsidiary, Marafiq Alandalus Allujistiyah, has acquired a significant plot of land in Riyadh. The 44,550 sqm plot is located within the Al Mashael District and was purchased from Ahmad Suleiman AlFahad wa Awladuh Company for SAR 83.8 million (approximately $22 million).

This acquisition aligns with Alandalus Property's strategic plan for the 2026 — 2030 period, which focuses on diversifying its investment portfolio and expanding its presence in the logistics sector. The newly acquired land is earmarked for the development of logistics warehouses and associated facilities.

The company anticipates that the financial impact of this acquisition will be reflected in its financial statements during the fourth quarter of the current year. The entire transaction was funded through a combination of Alandalus Property's internal resources and existing bank facilities.

Frequently asked

Questions, answered

Which subsidiary of Alandalus Property made the acquisition?: The acquisition was made by Marafiq Alandalus Allujistiyah, a key subsidiary of Alandalus Property.
What is the size and location of the acquired land plot?: The acquired land plot spans 44,550 sqm and is situated within the Al Mashael District in Riyadh.
What is the purpose of this land acquisition?: The land will be used for the development of logistics warehouses and other associated facilities, aligning with Alandalus Property's strategy to expand into the logistics sector.
What was the purchase price of the land?: The land was acquired for SAR 83.8 million, which is approximately $22 million.
How was the acquisition funded?: The acquisition was entirely funded through Alandalus Property's internal resources and existing bank facilities.

Reported by

Zawya — UAE Real Estate · Google News — Abu Dhabi Real Estate (7d)

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This brief was summarised and rewritten by Gaia Living from public reporting. Figures and details reflect the original sources.

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