Alandalus Property Co. announces the signing by one of its subsidiary, Alandalus Litashid Almabani Aldirasia Company contract with Madaras Ajeal Alyamama Company for the purpose of development and leasing a dual-curriculum educational complex in Al Naseem District, Riyadh City

Alandalus Property Co. signed a contract with Madaras Ajeal Alyamama Company to develop and lease a 2,000-student dual-curriculum educational complex in Riyadh’s Al Naseem District.
The 25-year lease agreement has a total net rental value of SAR 156,881,280 (excluding VAT), with an estimated development cost of SAR 33,650,000.
The project includes the purchase of 11,000 square meters of land and the construction of a 16,000-square-meter facility for students across all educational levels.
Financial impact is expected to reflect positively on the company’s financial statements starting from the third quarter of 2027.