# Alandalus unit buys Riyadh land for logistics warehouses

> The subsidiary paid SAR 83.8 million for a 44,550-square-metre plot in Al Mashael.

- **Source date:** 2026-10-19
- **Original source:** [Argaam](https://www.argaam.com/en/article/articledetail/id/1945087)
- **Reading time:** 1 min read
- **Language:** English
- **URL:** https://voltformer.com/news/alandalus-subsidiary-buys-riyadh-land-for-logistics-warehouses
- **Markdown:** https://voltformer.com/news/alandalus-subsidiary-buys-riyadh-land-for-logistics-warehouses.md

Alandalus Property said its wholly owned Marafiq Alandalus Allujistiyah subsidiary bought a logistics-designated plot in Riyadh’s Al Mashael district for SAR 83.8 million, including transaction tax and brokerage. The 44,550-square-metre site is intended for warehouses and storage space. The company said the purchase was financed through internal resources and bank facilities, with the financial impact expected in Q4 2026.

[Argaam](https://www.argaam.com/en/article/articledetail/id/1945087)

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