Jeddah Execution Court issued a ruling to sell a property worth 250 million riyals, strategically located in Jeddah, belonging to a merchant to pay off his debt with a bank. A source at the court indicated that the ruling came after the bank filed a complaint with the Execution Court demanding that a real estate trader pay SAR 200 million, explaining that the bank was able to provide a bond for the amount it demanded, which contributed to the issuance of an executive judgment by the court in its favor.

The bank had filed the complaint after the payment period had passed, indicating that the security authorities were used to identify the property of the merchant through official channels, and a property worth more than 250 million riyals was detected, and a decision was issued to sell it and pay the bank's dues.

He explained that the bank was able to provide a bond for the amount claimed, which contributed to the issuance of an executive judgment in its favor.