The Real Estate Contributions Committee at the Ministry of Commerce and Investment has deposited more than 700 million riyals into the accounts of 2,000 shareholders during the first half of 2016, while the total disbursed by the committee since its establishment in 2012 has reached approximately 6 billion riyals, with the rights of more than 28,000 shareholders in 43 contributions—some dating back nearly forty years—having been deposited.

In its semi-annual report, the Committee stated that it had liquidated 228 shares and is considering the liquidation of 156 shares, in addition to new cases arising during the year and 123 non-performing shares classified as outside its jurisdiction, bringing the total number of shares reviewed by the Committee is 507. Work is underway to liquidate the remaining cases in cooperation with the government agencies responsible for liquidation, and the Committee urges shareholders who have not updated their information or submitted the original documents for the announced contributions to promptly visit the nearest branch of the Arab National Bank after completing the update form via the bank’s website or the Real Estate Contributions Committee’s website.