Alandalus Property pursues investment portfolio diversification under its 2026–2030 strategy
Alandalus Property Co. secured, on Oct. 13, a SAR 71.3 million short-term Shariah-compliant Tawarruq financing from Saudi Awwal Bank (SAB), according to a statement to Tadawul. 
The financing has a one-year tenor starting from the date of utilization, adding that a promissory note and a property mortgage were provided as collaterals.
The company added that the financing will be used for a land acquisition, supporting its expansion plans for real estate projects. Details of the acquisition will be disclosed in due course.
The financing aligns with its 2026–2030 strategy, which aims to diversify its investment portfolio, said the company, adding that no related parties are involved in the deal.
Alandalus Property pursues investment portfolio diversification under its 2026–2030 strategy
Alandalus Property Co. secured, on Oct. 13, a SAR 71.3 million short-term Shariah-compliant Tawarruq financing from Saudi Awwal Bank (SAB), according to a statement to Tadawul.
The financing has a one-year tenor starting from the date of utilization, adding that a promissory note and a property mortgage were provided as collaterals.
The company added that the financing will be used for a land acquisition, supporting its expansion plans for real estate projects. Details of the acquisition will be disclosed in due course.
The financing aligns with its 2026–2030 strategy, which aims to diversify its investment portfolio, said the company, adding that no related parties are involved in the deal.
