RIYADH: Saudi Arabia’s Entrustment and Liquidation Center (Infath) raked in its highest ever amount last month thanks to sales of more than SR600 million ($159.9 million), Saudi Press Agency reported.
The organization has now raised more than SR2 billion ($533 million) since it started operations in September 2020.
Infath is planning to supervise 3 additional auctions during the first half of November 2021, namely the Real Estate Opportunities Auction, to sell commercial and residential properties in Riyadh, Makkah and Dawadmi Province.
Infath had attracted more than 1,400 commercial establishments in projects related to the evaluation, preparation and the sale of real estate and movable assets.
