The Liquidation Council for the real estate estate of Sheikh Saleh Al-Rajhi, may God have mercy on him, and Itqan Real Estate Company, the exclusive marketer of the estate, have announced the organization of the tenth public auction for the Al-Ghadir land on Saturday, October 6, at the Raffles Kempinski Hotel in Riyadh, with the auction scheduled to begin at 5:00 p.m.

On this occasion, “Itqan” and the ”Liquidation Council” invited businesspeople and real estate professionals to attend the auction. A joint statement issued by the two entities described Al-Ghadir Land as covering an area of 434,390 square meters, in the commercial corridor with the highest building density in the capital. Al-Ghadir is distinguished by its unique location adjacent to major thoroughfares such as King Fahd Road, the Northern Ring Road, and Al-Olaya General and Specialized Streets, The Liquidation Board noted on its Twitter account that the distinctive layout of Al-Ghadir land offers multiple investment options and significant real estate value, particularly as it extends 998 meters along King Fahd Road opposite the King Abdullah Financial Center, while it stretches 1,700 meters along Al-Olaya General Street. This is in addition to its proximity to the main metro station in northern Riyadh, which has further enhanced its investment value.

The past nine auctions organized by “Itqan Real Estate Company” were highly successful in terms of organizational precision and sound, well-thought-out marketing of the properties, which was reflected in higher-than-expected sales; the number of properties sold reached 62, with a total value exceeding 3.26 billion riyals.