The Saudi Entrustment and Liquidation Center (Infath) has announced the commencement of 29 public auctions, scheduled from December 21 to December 31, Invest-Gate reports.

These auctions include both in-person and electronic formats and aim to sell and liquidate 242 residential and commercial properties across eight regions and cities in Saudi Arabia.

Infath clarified that these auctions are distributed throughout different regions in the Kingdom. Nine auctions were held in the Riyadh region, showcasing 62 real estate opportunities. In the Makkah region, six auctions were organized to display 45 properties. The Al-Sharqiyah region held six public auctions featuring 64 properties. The Al-Qassim region had two auctions with 39 real estate opportunities.

Additionally, the Tabuk region had one auction with five properties, the Asir region had one auction with nine properties, and the Al-Baha region had one auction with five properties. Furthermore, an auction in Medina displayed 13 real estate opportunities. Two auctions were also held to sell movables, including sheep, camels, and the contents of a sewing workshop.

Interested participants can access the Infath website to view the details and conditions for participating in the auctions. The website provides comprehensive information about the real estate properties available for sale.

Infath operates as an independent government center and is part of Saudi Arabia’s Vision 2030 National Transformation Program. 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, and inheritances entrusted to it by judicial authorities, the private sector, and individuals. Its aim is to expedite the fulfillment of rights and ensure the satisfaction of beneficiaries.