The Liquidation Board of the Estate of Sheikh Saleh Al-Rajhi, may God have mercy on him, in cooperation with Itqan Real Estate Company, the exclusive marketer of the estate, continues to launch its auctions, as it organizes this afternoon, Saturday, December 23, the sixth auction, where the bidding will take place among the applicants for the most important real estate and investment opportunities at the level of the Saudi real estate market (Al Thaghar land) in the Hattin neighborhood north of the capital Riyadh, under the supervision of the General Court in Riyadh, at 4 p.m. at the Rafal Kempinski Hotel in Riyadh.
With the anticipation of the real estate community for this auction.
As the real estate community awaits this auction, the board of liquidation of the estate of Sheikh Saleh Al-Rajhi announced that the number of applicants to enter the sixth auction exceeded expectations, and the board attributed the intensity of competition to the quality of the property offered.
<Abdulaziz Al-Rasheed, General Manager of Itqan Real Estate, the marketing company and organizer of the auction, explained that the Al-Thaghar land is one of the large properties offered in the series of auctions of the estate of Sheikh Saleh Al-Rajhi, where ”Al-Thaghar land” extends on a total area of 550,568 square meters.69 square meters, and the land is located directly at the intersection of King Khalid Road and Al Amir Saud Road in Mogran (Al Abraj), which is one of the raw lands that can be developed, which provides the investor with several investment options, whether in residential or commercial projects. It is characterized by its natural flatness and its connection to the main road network north of Riyadh, which is considered the optimal direction for urban development and real estate investment due to the presence of a number of large projects and existing residential and commercial complexes.
<About the auction, Al-Rasheed confirmed that the Liquidation Council and Itqan Real Estate Company have completed their preparations to receive investors, and it is expected to last for three hours and will be broadcast live through more than one electronic platform in addition to Al-Qassim Satellite Channel, and participation in the auction requires obtaining the bidding card as before the start of the auction and the personal presence of the buyer or his legal agent, and writing a bank check in the name of ”Proceeds of the liquidation of the estate of Saleh bin Abdulaziz Al Rajhi for 23,000,000 riyals.The check is considered part of the value of the property to the bidder and has no right to refund it, and whoever is awarded the auction must pay the rest of the property value within a maximum period of (50 working days) and the bidding check is returned directly in the event that the auction is not awarded to the applicant, and the option is lost in the event that the auction is awarded.
Required to participate in the auction.
