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Reviewing 100 real estate investments... The Ministry of Commerce to disburse 500 million riyals to investors this year

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The Ministry of Commerce and Investment, represented by the Real Estate Contributions Committee, announced the disbursement of 500 million riyals from the committee’s accounts to contributors during the current year, In this regard, Hamza Al-Askar, Secretary-General of the Committee, explained that the Committee is currently working to identify shareholders who have not applied to receive their entitlements or have not completed their information so that the Committee can disburse their financial entitlements.

Al-Askar noted that over the past year, the committee disbursed approximately 700 million riyals to shareholders through their bank accounts.Meanwhile, work is underway to sort through 100 claims; the committee is contacting the claimants, requesting their information, reviewing and verifying it, and confirming the validity of the relevant legal documents, so that these claims can be included in this year’s liquidation schedule, Meanwhile, there are 90 contributions linked to other entities, such as the Ministry of Justice, secretariats, and municipalities.