Riyadh-Mubasher: Alandalus Property is currently developing five-star Staybridge suites on Alandalus Mall, which will be opened in the third quarter of 2016 and managed by InterContinental Group, said CEO Aiman Al-Mudaifer.
In addition, the company signed an agreement with Dr. Sulaiman Al Habib Medical Group to develop and operate a hospital beside Alandalus Mall, as part of Alandalus Square project. The developer will own 50% of the hospital.
Al-Mudaifer added that his company is currently focusing on expanding its operations.
Alandalus will float 21 million shares in an initial public offering (IPO) from 17-23 December 2015.
