The Committee for Non-Performing Real Estate Investments at the Ministry of Commerce and Investment has begun removing obstacles related to 40 non-performing investments, particularly regarding deeds and plans, in preparation for their sale and the return of shareholders“ rights. The committee recently referred 56 projects worth 2.5 billion riyals to enforcement courts after failing to secure shareholders” rights from the project owners.

The Committee’s Secretary-General, Hamza Al-Askar, said that the Al-Nakhil project in Makkah is one of the most prominent projects to be offered for sale soon, noting that it is distinguished by its location within the boundaries of the Haram and is approved by the Makkah Municipality.

Al-Askar noted the launch of the “Your Rights Are a Trust” campaign in Al-Ahsa tomorrow, Monday, explaining that 50 million riyals are awaiting their rightful owners, the shareholders in Al-Ahsa.