The Saudi Entrustment and Liquidation Center (Infath) has announced the organization of 21 public auctions scheduled to take place from the 11th to the 20th of December, Invest-Gate reports.

These auctions will include both in-person and electronic formats, aiming to sell and liquidate 165 residential and commercial properties across seven regions and cities in Saudi Arabia.

The auctions will feature a diverse range of real estate opportunities. In Riyadh region, 10 auctions will be held, showcasing 81 properties. Medina will host one auction featuring a real estate opportunity, while Makkah region will have three auctions displaying 23 properties.

Al-Sharqiyah region will hold two public auctions for 16 properties, and Al-Qassim region will have two auctions displaying 16 real estate opportunities. Additionally, Al-Jawf region will hold two auctions, showcasing 19 properties, and the Asir region will have one auction displaying nine properties.

Interested participants can access “Infath” website to view the details and conditions of participation in the auctions, as well as the comprehensive information about the real estate properties available for sale.

Infath functions as an independent government center and is part of the National Transformation Program under Saudi Arabia’s Vision 2030. It is responsible for assigning liquidation and sale activities to competent private sector establishments.

The center oversees the liquidation of assets, including real estate, movables, or inheritances, entrusted to it by judicial authorities, the private sector, and individuals. The goal is to accelerate the fulfillment of rights and ensure the satisfaction of beneficiaries.