The total amount recovered for those affected by delinquent real estate contributions has risen to approximately 6.5 billion riyals, according to the Real Estate Contributions Committee \u201cLiquidation\u201d Committee, adding that work is currently underway to finalize 177 other contributions. The committee noted that it faces numerous obstacles in its work, most notably delays and procrastination on the part of the contribution holders, despite the graduated penalties imposed on them.<\/p>\n
The committee noted that it is currently following up with the relevant authorities regarding the approval of the contribution deed for Salman Bay in Jeddah, while the contributions for the islands of Al-Band\u0642\u064a\u0629, Al-Eid, and Al-Jum\u2019ah fall outside its jurisdiction.<\/p>\n
Tasfiya noted that the Jeddah Shadows case is currently pending before the Enforcement Court, and that a royal decree has been issued regarding the Al-Malisah land case, which is currently being finalized, There is also an issue with the deed of contribution for the Al-Fayha Project, and a study has been submitted to resolve the marginalization and update the deed.<\/p>","protected":false},"excerpt":{"rendered":"
Reading time: <\/span> < 1<\/span> Minute<\/span><\/span>The total amounts recovered for those affected by the troubled real estate contributions amounted to about 6.5 billion riyals, revealed the Real Estate Contributions Committee, adding that work is currently underway to finalize 177 other contributions, indicating that it faces many obstacles in the work, most notably the procrastination of the owners of the contributions, despite the graduated penalties imposed on them. The committee pointed out that it ... 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