SIDF News
News
SIDF Announces the Holding of a Public Auction for the Sale of 32 Cars
"SIDF is planning to hold a public auction for the sale of 32 cars, (models from 2011 and 2020) on Saturday, August the 26th. The auction starts at 9:00 am until 12:00 pm at SIDF building.
To enter the auction, it is required to bring a certified cheque of 31,130 riyals written to the Saudi Industrial Development Fund and delivered no later than Thursday, August 24, at 1:00 pm.
Moreover, buyers shall present their IDs to the Sale Committee members SIDF before entering the auction.
SIDF would like to point out that whoever wins the bid must present a bank cheque amounting to 5% of the value of one car. The amount will be refunded upon the transfer of the ownership of the bought car, and the car will be delivered to the buyer after transfer of ownership, provided that the buyer bears all expenses related to transfer of ownership."
To enter the auction, it is required to bring a certified cheque of 31,130 riyals written to the Saudi Industrial Development Fund and delivered no later than Thursday, August 24, at 1:00 pm.
Moreover, buyers shall present their IDs to the Sale Committee members SIDF before entering the auction.
SIDF would like to point out that whoever wins the bid must present a bank cheque amounting to 5% of the value of one car. The amount will be refunded upon the transfer of the ownership of the bought car, and the car will be delivered to the buyer after transfer of ownership, provided that the buyer bears all expenses related to transfer of ownership."
Last Modified Date: 12/28/2025 - 04:50 PM Saudi Arabia Time
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