The Saudi Center for Securitization and Liquidation, “Enfath”, announced that it supervised 10 public and electronic auctions, which are held on several properties in various regions of the Kingdom, between January 1 and January 12, 2022.
The auctions offer 24 real estate opportunities with a total area of 4 million square meters, representing commercial and residential lands, villas, buildings, warehouses, commercial complexes and palaces in 8 different cities and governorates in the Kingdom.
Auctions start with Alia Hafr Al-Batin electronic auction held on commercial land in the province, then the Riyadh Balcony Auction, which is held on two real estate opportunities in Riyadh, and the Asala Al-Riyadh auction, which is held on 4 real estate opportunities in Riyadh, in addition to the attendance auction of treasures of Zulfi, which is held on two real estate opportunities in Zulfi. And the Electronic Defense District auction, which is held at a warehouse in Riyadh, according to what was reported by the Saudi Press Agency, “SPA”.
The public auction of Al-Kharj tops will also be held, which is based on 4 distinct real estate opportunities in Al-Kharj Governorate, in addition to the attendance auction, which is held on 3 real estate opportunities in the city of Hail, and the urban development auction, which is held on 4 real estate opportunities in the city of Dawadmi, and the attendance opportunity auction is held on two distinct real estate opportunities in the Huraymila governorate. And finally, the Rehab Jeddah electronic auction, which is held on a distinguished real estate opportunity in the city of Jeddah.
The auctions display many investment opportunities for the investing parties and business investors. Electronic auctions are also characterized by the ease of bidding on them and accessing them from anywhere, and saving time and effort in the procedures for completing buying and selling electronically without the need to attend.
The Attribution and Liquidation Center “Enfath” is the expert house specialized in supervising the liquidation of assets from real estate and movables, which is entrusted with its sale by judicial authorities, the private sector or private estates and individuals, by appointing experts and service providers from the authorities concerned with evaluation, marketing, property management, guarding and inventorying. By offering them through the electronic platform (infath.sa) in a transparent and competitive manner, which contributes to preserving the values of assets, accelerating the process of fulfilling rights, and achieving the justice and economic value that the center undertakes.
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