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Alandalus Property Co. announced through its subsidiary, Alandalus Litashid Almabani Aldirasia Co., a 25-year agreement with Ajyal Alyamama National Schools Co. to develop and lease a dual-curriculum educational complex in Riyadh’s Al Naseem district. The project involves acquiring an 11,000-sq.m plot for SAR 23.65 million and constructing a 16,000-sq.m facility with a development cost of SAR 33.65 million. The lease value over 25 years is SAR 156.88 million, excluding VAT. The complex will accommodate 2,000 students and align with Riyadh Municipality regulations.
This move diversifies Alandalus’s investment portfolio and aligns with its strategy to expand in the educational facilities sector. The project is self-financed and financed via bank facilities, with expected financial impact in Q3 2026. For traders, the announcement signals long-term revenue potential and strategic diversification, which could influence investor sentiment toward the company’s stock. However, the impact on broader markets is limited due to the project’s localized nature.
For Saudi and MENA investors, the project reflects growing demand for private education infrastructure in the region. The company’s focus on educational facilities aligns with Vision 2030 goals to enhance non-oil sectors. Traders should monitor Alandalus’s stock for potential volatility around the Q3 2026 financial update and any follow-up projects in the education sector.
