The number of properties listed by the Support and Liquidation Center “Enforcement” in auctions during the first half of this year 1,600 real estate assets, with a total value of over three billion riyals, while the value of movable assets sold reached approximately 40 million riyals, comprising 500 assets.

According to official data from the Support Center, the number of registered entities has exceeded 400, noting that during the recently launched pilot phase to date, more than 26 diverse entities—ranging from sales agents to certified appraisers—have been successfully assigned.

The Center works to assign liquidation operations to technically competent private-sector entities, which, under the Center’s supervision, provide services to preserve asset values, expedite the fulfillment of beneficiaries" rights, and enforce justice, in addition to building high social confidence in financial security.

The Support and Liquidation Center seeks to contribute to the development of the business sector in Saudi Arabia, by delegating liquidation activities to the private sector and technically competent entities, which serve as a renewable source of competitive business opportunities for the private sector. This promotes the creation of high-value job opportunities and increasing the contribution of small and medium-sized enterprises to the gross domestic product. The Center also supports competent authorities and their members by restricting such work to professionally licensed and qualified individuals.

The Center also works to create new and diverse job opportunities and to enhance the performance of the private sector by activating partnerships with it and implementing and supervising related projects, in order to uphold the principle of transparency in providing fair opportunities for all. Furthermore, this cooperation with relevant authorities contributes to the delivery of high-quality services and the implementation of national development goals and the continuity of the economic cycle, through the achievement of social, economic, and legal integration.