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Real estate liquidation totals 212 million riyals
During the past year, the Enforcement and Clearance Center "Injead" successfully settled real estate contributions totaling over 212 million Riyals, supervised the management of 244 contributions and 91 estates assigned by the court, and divided heirs' assets amounting to more than 15 billion Riyals. The center also organized 1,690 auctions for the sale of real estate and movable assets, during which more than 10,182 assets were displayed and approximately 6,246 assets sold, achieving an average increase in asset value of around 213% above the appraisal price. The center aims to accelerate asset liquidation processes and safeguard rights by overseeing sales and clearance operations. It is a government entity with legal personality, established to enhance judicial and economic procedures within the Kingdom.
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