Tsfya to sell 55 properties of Al-Rajhi estate from Nov. 18

08/11/2017 Argaam

The council in charge of liquidating the estates belonging to late Sheikh Saleh Al-Rajhi (Tsfya) will sell 55 properties in ten auctions as part of the second round of settlement process, Al-Eqtisadiah daily reported on Wednesday, citing Tsfya’s chairman, Abdul Mohsen Al Ruwashed.

 

The second round of auctions will be from Nov. 18 to April 16, 2018.

 

The available-for-sale assets include Al-Mansoura complex, Al-Batha building, Al-Salam complex, Ghubaira complex, Al-Malaz complex, Olaya complex, workshops in Al-Zahir and Al-Owaidah, in addition to a plot of land and some warehouses in Thulaim.

 

Tasfya had earlier auctioned off four properties at SAR 644 million. The second auction saw the sale of two malls for SAR 385 million and the third auction sold Al-Quds plot for SAR 950 million, Argaam reported.

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