Saudi news

“Infath” launches 9 auctions for the sale of real estate assets in Saudi Arabia

The Attribution and Liquidation Center “Infath” announced the holding of 22 public auctions, which vary between physical and electronic auctions. For the sale of more than 50 properties in various regions of the Kingdom, in addition to the various movable auctions, during the period from January 23 to January 26, 2023 AD.

The real estate varies between commercial, residential, and agricultural lands, villas, buildings, rest houses, buildings, and movables of steel and blocks.

“The Al-Manar electronic auction, which is held on two properties in Jeddah Governorate, the electronic auction of Hajar, which is held on 12 properties in the eastern region, the steel auction that is held on a number of steel doors and metals in Riyadh, and the electronic auction of Al-Reem, which is held on 6 real estate in the city of Hail,” according to the news agency. Saudi Arabia, SPA.

The Makkah and Taif stock auction will also be held on 13 real estate in the Makkah and Taif regions, the Dukkah auction that will be held on 5 real estate in Makkah Al-Mukarramah, and the Riyadh Crown Auction that will be held on 6 real estate in the city of Riyadh.

It is noteworthy that the Attribution and Liquidation Center “Infath” is an independent governmental center, and one of the initiatives of the National Transformation Program within the Kingdom’s Vision 2030; As it works to assign liquidation and sale activities to technically specialized establishments from the private sector, and supervise the liquidation of assets from real estate, movables, or legacies assigned to it by the judicial authorities, the private sector, and individuals, in a way that contributes to accelerating the fulfillment of rights and achieving the satisfaction of beneficiaries.

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