Tasfiah Administered Largest Real Estate Deal, in the Kingdom, Concluded

Real Estate Contributions Committee completed (Tasfiah) completed the largest real estate deal, in the Kingdom, by a public auction that was held, in the Khobar Governorate, to sell the entire Qatif Beach contribution land-lot, for more than SR4 billion.

The procedures for emptying the spot, will be completed as soon as possible, in preparation for the disbursement of shareholders’ equity, Tasifah confirmed.

It is noteworthy that the area of ​​Qatif Beach’s land exceeds 5 million square meters, on Tarut Island in the Qatif Governorate.

The latest step puts the total square meters sold by “Tasfah” since its formation beyond 57 million square meters barrier of shareholding lands, in various regions of the Kingdom.

It is noteworthy that the Tasfiah reached a record number, in the total amounts that it worked out, to return to the interests of the shareholders, as it reached to date as much as over SR15 billion.