Alandalus Property Co. Announces obtaining a Long-term Tawaruq financing in-line compliance with Islamic regulations from Alawwal(SAB)Bank, in value of 48 million Saudi riyals.

Alandalus Property Co. secured 48 million SAR in long-term, Sharia-compliant Tawaruq financing from Alawwal SAB Bank on July 2, 2026.
The financing has an 8-year duration and is intended to fund the purchase of land and the development of an educational facility for leasing purposes.
The facility is secured by a promissory note, a mortgage over the property, and the assignment of project revenues.
This move aligns with the company’s 2026–2030 strategy to diversify its investment portfolio into the educational facilities sector.