Two properties of late Sheikh Saleh Al-Rajhi sold for SAR 385 mln

Two commercial properties from the late Sheikh Saleh Al-Rajhi’s estate, worth a total of SAR 385 million, were sold in the second auction on May 13 in Jeddah, following the first auction last week in Riyadh.

Al Andalus Al Suhaili Center was sold for SAR 197 million, while the Saudi Business Center and accompanied land went for SAR 188 million, according to the council responsible for the settlement of the succession (Tsfya Al Rajhi).

Earlier this year, a court order formed a resolution to auction the estate of late businessman Sheikh Saleh, who was one of the founders of blue-chip lender Al Rajhi Bank. He passed away in February 2011.

Four properties from Al-Rajhi’s estate worth SAR 644 million were sold in an auction in Riyadh on May 6.