Mansat Real Estate has completed preparations to launch more than 26 properties owned by “Al-Rajhi Real Estate,” a subsidiary of Abdullah bin Abdulaziz Al-Rajhi & Sons Holding Company, at a public auction at 4:00 p.m. today, Saturday, March 26, 2022, at the Riyadh Sheraton Hotel.

The properties up for auction have a high market value and include a number of distinctive properties, representing investment opportunities in both Riyadh and Al-Kharj.

Mansat Real Estate was selected pursuant to an agreement between the two companies,  Sheikh Yusuf bin Abdullah Al-Rajhi, Vice Chairman of the Board of Directors of Abdullah bin Abdulaziz Al-Rajhi & Sons Holding Company, represented “Al-Rajhi Real Estate,” while Mr. Khalid bin Shaker Al-Mubayd represented “Mansat” Real Estate.

On this occasion, Mr. Khalid bin Shaker Al-Mubayd invited investors and businesspeople to participate in the auction, which features diverse investment opportunities in densely populated neighborhoods with readily available services, Al-Mubayyad praised the investment value of Al-Rajhi Real Estate’s properties, anticipating that the auction would see fierce competition among bidders.