With the announcement of the results and figures of the end of the fourth Al Rajhi auction, which achieved a total value of 295.5 million riyals during the sale of 12 properties in Riyadh, the auction revealed the thirst of the real estate market to make real estate deals and invest the opportunities offered, driven by intense competition to inject capital into the sector, which enhances confidence in market cohesion and gives positive indicators for the future of real estate.

With the presence of a large number of businessmen, interested and investors, the fourth Al Rajhi auction achieved success at the level of sales that did not take 6 hours In the presence of a large number of businessmen, interested parties and investors, the fourth Rajhi auction achieved success in terms of sales, which did not take more than 6 hours, where the most prominent sales were as follows:

1- Building (52) in King Fahd neighborhood

The auction was opened by bidding on building (52) in King Fahd neighborhood, with an area of 1,300 m2 worth 3,228,514 riyals, which was sold for 6.3 million riyals to investor Yousef bin Saleh Al Rajhi.

2- Mansoura Complex:

The complex has an area of 20,521 m2, the auction opened at 55,560,822 million and was sold for 75.6 million riyals to investor Mohammed Jamil Hamoud Al-Turaiqi.

3- New Al Batha'a Building:

It has an area of 3,354 m2, where the auction opened at 37 million, and was sold for 54 million and awarded to Aswaq Holding Company.

4- Al Malaz Complex:

The complex has an area of 6,925 m2, where the auction opened at SAR 13.5 million, and was sold for 23 million to investor Faisal bin Abdulmohsen Al-Rusais.

Faisal bin Abdulmohsen Al-Rusais.

5- Al Oweidah Workshop Complex:

It has an area of 6,120 m2, where the bidding opened at SAR 10 million, and was sold for SAR 16.5 to investor Bandar Mohammed Al-Musairi.

6- Al Salam Complex

Al Salam Complex, with an area of 15,120 m2, where the auction opened at SAR 23 million, and was sold for SAR 48 million to Abdullah Al Othaim Markets Company.

7- Olaya Complex

The 5,965 m2 Olaya Complex, where the bidding opened at SAR 16 million and was sold for SAR 22 million to Aswaq Holding Company.

8- Old Ghubaira Complex

The old Ghubaira complex, with an area of 9,432 m2, where the bidding opened at SAR 16.5 million, and was sold for 27 million in favor of investor Mohammed Jameel Hamoud Al-Turaiqi

9- Al-Zaher Workshop

Al-Zaher workshop, with an area of 1,663 m2, where the bidding opened at SAR 11.5 million, and was sold for SAR 12.5 million to investor Ibrahim Nasser Al-Subaie

10- Al-Mutlaq Building

Al-Mutlaq building with an area of 164 m2, where the bidding opened at SAR 1.3 million, and was sold for SAR 1.6 million to investor Ibrahim Suleiman Al-Husseini.

11- Namshan Building

The 290m2 Namshan Building, where the auction opened at SAR 3.2 million and was sold for SAR 3.5 million to investor Khalaf bin Abdullah Al-Aboud.

12- Al Namshan Building

12- Land and warehouses in Thiem neighborhood

The land and warehouses of Thim neighborhood, with an area of 2,400 m2, where the bidding opened at 2.5 million SAR, and was sold for 5.5 million to investor Mohammed bin Sulaiman Al-Drees.

About the next auction.

About the next auction, the liquidation board announced that it will be held on Saturday, December 9 in Riyadh on a number of distinguished investment opportunities.