The Ministry of Commerce and Industry, represented by the Real Estate Contributions Committee, has begun distributing and disbursing capital from the “Ithraa Mall” to shareholders who expressed their desire to exit the joint venture and submitted their paperwork, at a profit ratio of 30%, and the Um Al-Ma’an joint venture’s capital and profits, which amounted to 72%.

In the same context, the Accounting Committee for the Umm Al-Ma’an joint venture has concluded its work following the sale of the joint venture’s property at a public auction held at the end of last year for a total value of 17,870,985 riyals. The proceeds and shareholders’ rights will be deposited directly into their accounts.

It is worth noting that the committee has concluded three auctions in the recent period of 2015. It is also continuing with the liquidation of the joint-stock companies currently undergoing liquidation and has decided to hold a number of auctions in the coming period.