Annual Report 2025
At Alandalus Property, every project we create is a step toward a more connected, sustainable, and vibrant future. Through innovation, vision, and a commitment to excellence, we continue to shape destinations that inspire communities and create lasting value for generations to come.
It is my honor to present to you the Annual Report of Alandalus Property Company for the year 2025 - a year marked by significant achievements and strategic milestones that further strengthened the Company’s position as a leading developer and operator in the commercial center and mixed-use project sectors within the Kingdom of Saudi Arabia.
Mr. Abdulsalam Bin Abdulrahman Al-Aqeel
Position
It is my pleasure to present to you the performance of Alandalus Property for 2025 — a year characterized by operational discipline, enhanced efficiency, and the effective execution of our strategy into measurable outcomes that support sustainable growth and long-term value creation for our shareholders.
Eng. Faisal Bin Abdulrahman Al-Nasser
Position
A concise overview of Alandalus Property Company’s 2025 performance, strategic achievements, and operational progress, highlighting the Company’s continued focus on sustainable growth, portfolio diversification, operational excellence, and alignment with Saudi Vision 2030.
Driven by the 2025 theme “Growth Reinforces Sustainability,” Alandalus Property Company continued strengthening its operational and investment strategy through enhancing commercial asset performance, advancing future developments, pursuing strategic investment opportunities, and building long-term partnerships that support sustainable value creation and reinforce the Company’s leadership position within the Saudi real estate sector.
Continuous enhancement of operational performance through the development, management, and leasing of the Company’s commercial centers, with a focus on maximizing occupancy rates, improving tenant mix, enhancing customer experience, and increasing operational efficiency across existing assets.
Pursuing full or partial acquisitions of established projects with strong performance, or projects identified by management as offering compelling opportunities for operational enhancement, portfolio growth, and long-term value creation.
Developing new projects within the commercial center sector, in addition to hospitality, office, and mixed-use developments, to diversify income sources and strengthen the resilience of the Company’s investment portfolio.
Building strategic partnerships with local and international investors and partners to deliver high-quality projects, strengthen competitiveness, and integrate expertise and resources across the sectors in which the Company operates.
A strategic office project located on King Salman Road in Riyadh, 100% owned by Alandalus Property Company through one of its subsidiaries, Mawared Al-Tamayuz Real Estate Company, and being developed by Alandalus Property Company. The project consists of a modern office building with an estimated built-up area of 30,004 sqm. As of 31 December 2025, reinforced concrete works, columns, and walls reached 50% completion.
A strategic mixed-use development in Makkah, designed to create lasting value through thoughtful planning, high-quality execution, and alignment with the Kingdom's evolving real estate landscape.
A strategically located land parcel in Al Sawari District, Jeddah, positioned to support future commercial and mixed-use development opportunities within the Company's long-term growth pipeline.
Celebrating milestones, partnerships, awards, and achievements shaping our contribution to Saudi Arabia’s evolving real estate landscape.
Al Andalus Real Estate Company received an award from His Royal Highness Prince Faisal bin Khalid bin Abdulaziz
Best corporate governance
Property development of the year
The Middle East Council of Shopping Centres and Retailers (MECSR)
A portfolio of high-performing retail and commercial destinations serving millions of visitors every year.
View Destinations
"One of Jeddah’s leading retail destinations, strategically located on King Abdullah Road.
A major retail destination in Riyadh, located on King Abdulaziz Road, featuring a strong tenant mix of leading regional and international brands, alongside dining and lifestyle experiences.
Alandalus Property Company continues to strengthen its corporate governance framework by promoting transparency, accountability, ethical business practices, and effective oversight across all levels of the organization. Through a robust governance structure, comprehensive risk management processes, and adherence to regulatory requirements, the Company ensures sound decision-making that supports sustainable growth and protects stakeholder interests.
During 2025, the Company further enhanced its governance practices by advancing compliance systems, strengthening internal controls, and maintaining alignment with leading corporate governance standards. These efforts support operational excellence, reinforce investor confidence, and contribute to the long-term resilience of the business.
Guided by the objectives of Saudi Vision 2030, Alandalus remains committed to creating sustainable value through responsible leadership, effective governance, and a culture of integrity that supports the Company’s strategic ambitions and future growth.
Explore Annual Report 2025
We invite you to take a look at our full report prepared in partnership with Al Andalus Corporate
