The Enforcement and Liquidation Center yesterday signed an agreement with Agricultural Development Fund, with the aim of enhancing joint cooperation in outsourcing the sale of foreclosed properties in favor of the Fund and organizing the work mechanisms between the two sides, harnessing the capabilities and expertise available at Enforcement, which includes studying the Fund's mortgaged assets, evaluating them, marketing them, organizing the sale and liquidation mechanism and completing it in accordance with the relevant regulations, ensuring efficiency in performance, speed of completion and achieving the best value for the liquidated assets.

The agreement was signed by the Fund's CEO, Mounir bin Fahad Al Suhaili, and the Center's CEO, Tariq bin Ali Al-Arini.

The agreement includes a framework for technical integration and linkage between the two parties to facilitate the liquidation and sale of agricultural real estate assets assigned to the Center, and contribute to reducing the liquidation period, with the aim of achieving the objectives of speedy recovery of rights and enhancing the satisfaction of beneficiaries.

The agreement comes in line with the Fund's directive to provide the best value for the assets that are liquidated. The agreement comes within the strategic directions of both sides to enhance institutional partnerships and achieve integration between government agencies by unifying efforts towards managing and liquidating assets in more effective ways."

The agreement comes within the strategic directions of both sides to enhance institutional partnerships and achieve integration between government agencies.