Riyadh begins property acquisition for major road development projects    Saudi minister explores strategic industrial and mining partnerships with top Russian firms    Riyadh's Creative District to welcome Italy's Istituto Marangoni    CMA approves major reforms to ease investment account access for foreign and local investors    Saudi Arabia reaffirms OPEC+ compliance as June crude supply hits 9.35 million bpd    Lithuanian politicians taken to shelters after Belarus airspace violation alarm    EU leaders agree to send delegation to Libya after previous group expelled from country    Armenia and Azerbaijan move closer to peace, pushing Russia out from the South Caucasus    Trump says he will hike tariffs on Canadian goods to 35%    France's Lady Liberty artwork goes viral as a new Statue of Liberty could be in the works    Saudi population reaches 35.3 million in 2024, majority under 65    GASTAT: Industrial Production Index rises by 1.5% in May    Theo Hernández: Al Hilal can compete with Europe's best    Abdullah Al-Qaisoom wins silver at Asian Youth and Junior Weightlifting Championship    Aubameyang's future at Al Qadsiah in doubt after cryptic post comparing Saudi League strikers    Makkah Deputy Emir leads washing of Holy Kaaba    SFDA approves 'Winrevair' for rare pulmonary hypertension treatment    HONOR returns to Esports World Cup as Official Smartphone Partner for 2025 The renewed commitment will see HONOR elevate mobile esports competition with cutting-edge AI technologies and industry-leading hardware    Michael Madsen, actor of 'Kill Bill' and 'Reservoir Dogs' fame, dead at 67    BTS are back: K-pop band confirm new album and tour    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Pakistani star's Bollywood return excites fans and riles far right    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Enforcement Courts to Entrust Judicial Liquidations to the Entrustment and Liquidation Center (Infath)
Published in Saudi Press Agency on 05 - 07 - 2020

The Enforcement Courts will start entrusting judicial liquidation cases exclusively to the Entrustment and Liquidation Center (infath) following the signing of an agreement between Ministry of Justice and infath. The agreement identifies the scope of activities to be entrusted and provides the necessary governance and accountability measures for timely fulfillment of rights.
The agreement will enable infath to commission qualified and licensed-companies from the private sector to competitively participate in the Liquidation Activities under the Center's supervision. The registration is currently available at (infath.sa) to local and international licensed companies in chartered accounting, law and legal services, evaluation, engineering advisory, judicial custody, property management, treasury, marketing and sales.
Infath evaluates and assigns each case to suitable service providers based on the experience and the nature of the asset.
During the last few months, infath was able to develop an integrated business platform and attract a diversified and qualified pool of relevant service providers. It has also delivered its first liquidation during Ramadan, which was entrusted by the private sector.
Entrustment and Liquidation Center "infath" is one of the National Transformation Program 2020 initiatives that seeks to achieve excellence in the government performance and raise the overall judicial ecosystem efficiency and its services. It is an independent governmental center, seeking to build cooperation between the judicial and governmental entities in areas of liquidations, sales and other assets and entrusting them to the private sector in full transparency and competitiveness.


Clic here to read the story from its source.