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Alandalus Property Secures SAR71 Million Tawaruq Financing from Saudi Alawwal Bank

MT Newswires·10/14/2026 01:42:24
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01:42 AM EDT, 10/14/2026 (MT Newswires) -- Alandalus Property (SASE:4320) secured short-term Tawaruq financing worth 71.3 million Saudi riyals from Saudi Alawwal Bank. The Tadawul-listed property company will use the one-year financing to purchase land to expand its real estate projects, according to a Wednesday release. The facility is guaranteed by a promissory note and a property mortgage.