Decision 1/23/B/23 dated 1 Dhu Al-Hijja 1444
The Board of Directors of the Real Estate General Authority,
based on the powers entrusted to it by law,
and after perusal of clause 2 of the minutes of the 23rd meeting of the board of directors of the authority containing the approval of the board on the recommendation of the executive committee of the authority regarding the Governance Regulation for Real Estate Auctions.
hereby decides
First: The Governance Regulation for Real Estate Auctions in its attached form is hereby approved and completing the legal procedures in its regard must be completed.
Second: The decision must be communicated to those required to implement it and act upon it.
May Allah provide success.
Minister of Municipal and Rural Affairs and Housing
Chairman of the Board of Directors of the Real Estate General Authority
Majid bin Abdullah Al-Huqail
Issued on: 1/12/1444
Corresponding to: 19/6/2023
Published in Umm Al-Qura 4995 issued on 25 August 2023.