Well-informed sources have revealed that the auction for the first batch of assets from the estate of Sheikh Saleh Al-Rajhi will be launched in mid-February. The sources noted that the auction will include a 400,000-square-meter undeveloped plot of land located east of Riyadh.

The auction will also include a commercial and office tower, as well as another investment site in the commercial district along Al-Olaya Road in Riyadh.

The sources added that additional auctions will be held in March, featuring high-income-generating properties as well as land in prime locations, including several sites along the commercial strip in Riyadh and in prime locations across various regions of the Kingdom.

The estate of Sheikh Saleh Al-Rajhi is considered one of the most widely discussed estates across all circles, due to its diverse portfolio of income-generating properties. It is worth noting that Saudi businessman Sheikh Saleh bin Abdulaziz Al-Rajhi passed away in February 2011.