Plans to sell 3 troubled contributions The Real Estate Contributions Committee deposits 1.8 billion riyals in the accounts of 9,000 victims

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The Real Estate Contributions Committee «Tasfiqa» deposited 1.8 billion riyals in the accounts of 9,000 shareholders in the Eastern Province affected by the troubled contributions, and the committee noted the completion of the delivery of the rest of the amount, which exceeds 1.9 billion riyals to all those registered in the waiting lists.

<Hamza Al-Askar, Secretary General of the Real Estate Contributions Committee, said that the committee was able to recover nearly 7 billion riyals as rights to shareholders, for 30,645 shareholders. The Eastern Province's share of the total amount collected amounted to 1,920,884,912, and 1,812,909,498 has been deposited in the accounts of shareholders so far for 9,000 shareholders.

<Regarding the presence of all the troubled real estate contributions in the region within the scope of Aramco's reservations, Al-Askar said: Of course not, the committee has previously sold a number of troubled contributions in the Eastern Province, the most recent of which was the Qatar Road land contribution, so the troubled real estate contributions are diverse and not all related to the issue of reservations.

He added.

He added: The committee is preparing in the remaining months of this year to sell three contributions in the Eastern Province, namely (Al Faihaa, Al Shihabiya and the remaining parts of the Muhassan plan), which total more than two million and eight thousand meters, and the first marketing campaign is scheduled to start in the month of Dhu Al Hijjah by offering the Al Faihaa contribution for direct sale.

The committee is preparing to sell the remaining contributions in the Eastern Province. <It is noteworthy that the Real Estate Contributions Committee «Tasfeeha» identified last week 6 contributions in Dammam located within the reservations of Saudi Aramco that are outside the jurisdiction of the committee. The committee explained in a statement issued by the Ministry of Trade and Investment yesterday that the contributions concerned are Gold Gate, Dammam Industrialization, Namaa, Abu Hadriyah land, Jawaher Al-Nimr, Dammam Industrialization land.

The committee indicated in a statement issued by the Ministry of Trade and Investment yesterday.