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Abdulla Fouad Group
About
  2. Companies
  3. Abdulla Fouad Group
  4. Services
  5. Public Auctions Service

Public Auctions Service

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Abdulla Fouad Company for Public Auctions offers businesses a full range of Auctioneer Services, from evaluation and appraisal of equipment’s to advertising and sourcing of potential buyers. As the premier Auctioneer in the region, it helps organizations recoup a fair portion of the original cost of their assets. Attracting both local and international buyers, its auctions are one of the most efficient and cost-effective methods of liquidating surplus equipment and supplies in the GCC, helping companies reduce liabilities, financing, and overhead costs.

Formed as a joint venture in 1977 in response to the surging demand by companies for an outlet for sales of used equipment, the operation became a wholly owned subsidiary of AFG in 1986. Its permanent, purpose-built facility at the AFIA yard in Dammam, sees 12 to 15 public auctions conducted each year. AFIA also arranges auctions at Clients doorstep upon request.

Geographic Spread

Kingdom of Saudi Arabia and GCC

WHAT CAN ABDULLA FOUAD CO. AUCTIONEERS DO FOR YOU?

  • Auctions are theMost EFFICIENTfastest andCOST-EFFECTIVEmethod of liquidating surplus Equipment’s and Materials supplies sale.
  • REDUCE LIABILITIESbecause assets are sold without warranty or guarantee on “As is Where is bases” Sale.
  • REDUCE INTEREST & OVERHEAD COSTbecause items are sold for immediate payment.
  • Expose the merchandise to aVASTnumber of local and international buyers who are invited through many types of advertisement platforms, this produces more purchasers, andINCREASE THE RATE OF RETURNby creating healthy open competition among buyers.
  • AuctionsRESULTin the sale of every item.