Mazad launches new Bahrain digital auction platform

Mazad launches new Bahrain digital auction platform

Bahrain - Mazad, a local portfolio company of Bahrain Mumtalakat Holding Company, mandated with overseeing the kingdom's public and electronic auctions, has announced the launch of its new digital auction platform "Mazad" on Android and iOS devices, as well as its refreshed website (Mazad.app).

The new digital auction platform is part of Mazad's new strategy and corporate identity, that aims to create innovative solutions to support the company's goals by enabling clients to purchase a variety of assets using the most advanced digital technologies.

It will also facilitate the acquisition of assets sold by various government agencies, such as licence plates and real estate, said a statement from Mazad.

In addition, users will have complete access to all information and documents pertaining to assets for sale and it will allow bidders to complete all auction procedures electronically, from registration and insurance fees to the actual sale including paying the remaining balance and registering the assets online, it stated.

The new application encompasses an array of features including the ability to locate assets for sale using Google Maps, as well as an automated bidding feature that allows bidders to set their maximum bid price, after which the system will automatically bid on their behalf until