The Enforcement and Liquidation Center “Enfaz” announced the holding of 5 public auctions, to be held on several properties in several regions of the Kingdom, during the period between (24 to 26 October 2021 AD).
The auctions showcase 57 real estate investment opportunities with total areas exceeding 190,000 square meters. They begin with the "Sanabel Taiba" online auction, which includes 10 real estate opportunities consisting of agricultural and residential lands, buildings, and residential houses in the Madinah region. This is followed by the "Nukhbat Al-Riyadh" auction, which includes 16 real estate opportunities consisting of several residential and commercial lands, 7 villas, a building, and a residential apartment in Riyadh. Then there is the "Al-Unwan Al-Thani" auction, which includes 14 real estate opportunities consisting of several commercial and residential lands, buildings, and industrial workshops in Riyadh. Finally, there is the "Buraidah" auction, which includes 9 investment opportunities consisting of several residential lands, a building, and a rest house in Buraidah. Finally, there is the "Al-Abdaliyah Scheme" online auction, which includes 8 investment opportunities consisting of residential lands in the Al-Abdaliyah Scheme in Al-Badai' Governorate.
The Enforcement and Liquidation Center “Infath” is the expert house specializing in supervising the liquidation of real estate and movable assets that are entrusted to it for sale by judicial authorities, the private sector, or private estates. This is done by appointing experts and service providers from the competent authorities for evaluation, marketing, property management, custody, and inventory, through offering them through the electronic platform (infath.sa) with full transparency and competitiveness, which contributes to preserving the values of the assets, accelerating the process of fulfilling rights, and achieving the legal and economic value that the center undertakes.
