Riyadh – Mubasher: Alandalus Property Company incurred net losses valued at SAR 10.97 million in the first half (H1) of 2025, an annual leap of 67.99% from SAR 6.53 million.

The sales retreated by 1.21% to SAR 110.35 million in H1-25 from SAR 111.71 million in H1-24, according to the financial results.

Loss per share increased to SAR 0.12 in the first six months (6M) from SAR 0.07 a year earlier.

Financials for Q2-25

In the second quarter (Q2) of 2025, Alandalus Property posted 9.86% lower net losses at SAR 10.14 million, compared to SAR 11.25 million in Q2-24.

Revenues hit SAR 53.94 million in April-June 2025, an annual drop of 8.12% from SAR 58.71 million.

On a quarterly basis, the Q2-25 net losses enlarged by 1,121% from SAR 830,000 in January-March 2025, while the revenues declined by 4.37% from SAR 56.41 million.

Faisal bin Abdulrahman Al Nasser, CEO of Alandalus Property, stated: "The performance of the Q2-25 reflects our ongoing efforts to enhance operational efficiency and diversify revenue incomes.”

“The results showed an improvement in occupancy rates across our projects in the retail and office sectors, alongside continued efforts to improve operational effectiveness and enhance the customer experience — all contributing to revenue growth and long-term success, God willing,” Al Nasser highlighted.

Cash Dividends

The board decided to pay out dividends amounting to SAR 23.33 million, equivalent to 2.50% of the capital, for H1-25.

On 4 September, the real estate developer will pay SAR 0.25 per share to 93.33 million eligible shares.