Latest News
- Court Sentences Bank Employee To 5 Years For Embezzling 100,000...
- Fake ‘Sheikh’ Sentenced To 2-yr As Court Overturns Verdict
- Justice Ministry New Service On The Sahel App
- Ministry Probes 68 Cases Of Illegal Charity, Funds Collection
- Globally, Kuwait Is Among The Top Consumers Of Incense And Oud O...
- Decrease Seen In Foreign Investment
- Kuwait Customs Seized 2 Containers Laden With Tobacco At Shuwaik...
- Unpaid Salaries, Accountant Beaten Up By Workers
- The Sahel App Was Not Hacked, A Spokesman Claims
- Four Expats Arrested For Stealing Copper Cables Worth 60,000 Din...
- Indian National Died In Abdalli Car Accident
- Work Permits And Foreign Worker Transfers Are Amended By PAM
Kib Sells 4 State Properties In Public Auction
KIB organized a public auction on Wednesday, December 19, for the sale of 15 properties (vacant land) owned by the State of Kuwait represented by the Kuwait Investment Authority (KIA). Held at Safir International Hotel – Kuwait, a total 4 properties were sold at the auction, after completing all necessary legal procedures and contracts to complete the sales transactions.
On his part, Yousef Al-Ajeel, Head of the Property Management Department (PMD) at KIB, said: “The auction included 15 state properties with varying specifications, during which a total 4 properties were sold. The first property was a vacant private property overlooking a side street in Fintas.
The second property was a vacant private property overlooking a side street in Fintas. The third property was a vacant private property overlooking a side street off the main street in Fintas. The fourth property was a vacant private property in Oqaila.”
Al-Ajeel added that the PMD at KIB organizes public auctions as per the request of property owners, in line with real estate conditions and requirements. Additionally, the PMD also manages a large number of commercial complex-es, residential buildings, as well as private properties owned by customers, and both the public and private sectors.
Moreover, Al-Ajeel noted that the PMD offers key services at competitive prices through different units, including a unit for marketing and managing properties, as well as a unit responsible for emergency and routine maintenance services to ensure proper upkeep and safety of properties.
Additionally the PMD offers legal services to advise clients on property transactions and resolve legal disputes related to the property; accounting services to prepare financial statements and accounting reports; and rent collection services to collect rent on behalf of property owners and provide online payment services. Services also include holding public auctions at the request of property owners, in line with local real estate laws and regulations.
SOURCE : ARABTIMES
Trending News
-
Eid Al Fitr 2024: Crescent Moon Not Sighted In Sau...
08 April 2024
-
Kuwait Implements Home Biometrics Services Ahead O...
14 April 2024
-
When Will Eid Al Fitr 2024 Take Place In Qatar, Ba...
08 April 2024
-
On Sunday, The Meteorological Department Warns Of...
07 April 2024
-
Kuwait Airways Provides Update On Flight Schedule...
14 April 2024
-
Kuwait Airways Introduces Convenient Home Luggage...
15 April 2024
-
Gathering For Eid Al-Fitr Prayers: Kuwaiti Citizen...
10 April 2024
-
Winners Of Kuwait National Assembly 2024 Elections
06 April 2024
-
An Egyptian Expat Dies At Kuwait's Airport
11 April 2024
-
Bay Zero Water Park Kuwait: Summer Season Opens Ei...
11 April 2024
Comments Post Comment