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Al-Andalus Subsidiary Buys Riyadh Land
Al Andalus Real Estate Company announced the completion of its subsidiary, Mawareq Al Andalus Logistics Company, in a land purchase deal. The deal involved acquiring a logistical land plot in Al Mashael neighborhood of Riyadh, valued at 83.8 million riyals. The land spans an area of 44,550 square meters and is intended for the development of logistics warehouses as part of the company's strategy from 2026 to 2030. The financial impact of the deal is expected to be reflected in the last quarter of 2026.
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