Riyadh—SPA
The Real Estate Contributions Committee at the Ministry of Commerce and Industry has called on 2,065 contributors who have not yet received their entitlements from the contributions liquidated by the committee to update their information so that their funds can be transferred, as well as 114 shareholders who have checks on file with the Committee that they have not yet received.
The Committee asked shareholders whose contributions are listed on its website to review or visit the Committee’s website to update their information, noting that shareholders can easily check their names and the contributions that have been finalized by logging into the Commission’s website.
The Commission indicated that the total amount remaining from the liquidation of contributions stands at 345 million riyals, pending direct transfer to the shareholders’ accounts once their information has been updated.
It is worth noting that the Commission recently transferred more than 100 million riyals to the accounts of shareholders who had previously been notified by the Commission that they had not received their entitlements from the liquidated contributions, either by receiving their checks or by updating their bank account information, The Committee also received 50% from shareholders in the Salah Al-Nafisi investment scheme during the first month following the Committee’s announcement that it had begun accepting share certificates, The committee will continue to accept applications from the remaining shareholders through the branches of the Arab National Bank until the end of next month.
