Three of Sheikh Saleh Al Rajhi's properties up for auction this month
Etqaan is the company responsible for the marketing and organisation of real estate auctions
Image used for illustrative purpose. A view shows buildings and the Kingdom Centre Tower in Riyadh, Saudi Arabia, January 1, 2017.
REUTERS/Faisal Al Nasser
By Staff Writer, Mubasher
Riyadh – The Liquidation Board of the Legacy of Sheikh Saleh Al Rajhi and Etqaan Real Estate Company said that the 13th auction to sell assets owned by late Sheikh Saleh will take place on Saturday, 24 October 2020.
Three Riyadh-based real estate properties spanning a total area of more than 947,000 square metres will be up for auction, according to an official statement on Sunday.
Etqaan is the company responsible for the marketing and organisation of real estate auctions.
On 8 September, Etqaan stated that it will auction real estate properties in Riyadh soon in cooperation with the liquidation board.
The value of the 12th auction held to sell some land plots owned by Sheikh Saleh took place last February at an approximate value of SAR 500 million.
The Saudi businessman, who is the founder and owner of the second-largest individual stake in Al Rajhi Bank, passed away in 2011.
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