Riyadh – Mubasher: Etqaan Real Estate Company said it will auction real estate properties in Riyadh soon in cooperation with the Liquidation Board of the Legacy of Sheikh Saleh Al Rajhi.

The properties include Azizia Mall and several land plots, according to a statement on Tuesday.

Etqaan is the company responsible for the marketing and organisation of real estate auctions.

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 preceding auction took place on 18 June 2019 at a total value of SAR 976.5 million, including the value-add tax (VAT).

The Saudi businessman, who is the founder and owner of the second-largest individual stake in Al Rajhi Bank, passed away in 2011.