“Mazad” in cooperation with “Arabian Auctions” announces new private car license plate numbers for sale at fixed prices

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Manama, Jan, 25 (BNA): Mazad, in cooperation with Arabian Auctions has announced the availability of new private car license plate numbers for sale at fixed prices from Monday, January 27 at 4pm, and until quantities last.

The license plates will be available for purchase at the Arabian Auctions website www.arabian.auction and/or through the mobile application “Arabian Auction”.

This comes as part of the ongoing cooperation between Mazad and Arabian Auctions in offering new unique and semi unique private car license plate numbers, providing interested individuals with the chance to own them.

Interested buyers can register through the website and/or the mobile application. An ownership certificate will be issued once the payment is finalised.

Organiser of Bahrain’s online and offline auctions, Mazad was established in April 2017 by Bahrain Mumtalakat Holding Company (Mumtalakat), the sovereign wealth fund of the Kingdom of Bahrain.

Designed to facilitate market growth, efficiency and revenue optimisation, Mazad organised the Kingdom’s first private vehicle registration number plates auction, achieving record auction returns.

The revenue from its first auction, which was conducted in collaboration with UAE-based Arabian Auctions, totaled an outstanding BD1.72 million ($4.56 million).