The Ministry of Commerce and Industry, represented by the Real Estate Contributions Committee, announced the offering of 19 commercial and residential lots, in the Al-Aziziyah neighborhood of Riyadh in preparation for the liquidation of the Al-Shafa Mall joint venture and the return of shareholders" rights, on Wednesday, 06/07/1437 AH, corresponding to 13/04/2016 AD

The committee set the conditions for participating in the auction, which are as follows: attendance in person or through a legal representative; submission of a certified check made out to the Real Estate Contributions Committee in the amount of 100,000 riyals; This amount is considered a non-refundable down payment toward the purchase price for the successful bidder; in addition, the buyer must issue a check for the full remaining balance of the land’s value after the auction is concluded, The buyer must also issue a check for 2.5% as a brokerage fee payable to the Real Estate Contributions Committee.