Bidders allowed to purchase an unlimited number of private vehicle number plates in Kingdom's first ever public auction

Manama, Apr. 12 (BNA): The first public auction of private vehicle number plates will take place at 18:00 on 13 April at the Isa Sports City Hall D, adjacent to the Bahrain National Stadium. The auction, organised by Mazad, will open for registration between 11:00 to 17:00 on 13 April. In line with the company’s commitment to fairness and transparency, Mazad has announced that there will be a set amount of seats available for non-participating members of the public, which will be allocated on a first come first serve basis. Mr Talal Arif Alaraifi, CEO of Mazad, stated that the fast track service opened to all interested parties generated a large amount of interest at all locations, including at the Notary Office, Gosi Commercial Complex, and the Bahrain Investors Centre in Bahrain Financial Harbour. Mr Alaraifi also highlighted that all the necessary procedures have been put in place ahead of the auction, and that the successful preparation is a reflection of the wide-ranging stakeholder engagement that has been undertaken. Mr Alaraifi also noted that a separate office for issuing power of attorney will be allocated in the auction venue. The CEO called on those wishing to participate in the auction to bring all necessary documentation to the venue, including ID cards, and to ensure they have signed the participation form. Mr Alaraifi noted that company owners can register in the name of their companies through individuals authorised by law, and provide original power of attorney documentation at the event. Mr Al Araifi further noted that regardless of nationality, bidders registered to participate will be able to purchase an unlimited number of private vehicle number plates. Buyers must complete the payment process within ten days, and upon completion of payment will be provided with an official certificate of ownership and have the freedom to use and/or assign the private number plate.