Categories: BusinessKSA

KLZ 1 plate sells for record SAR 15.7m in Riyadh

A number plate bearing the characters “KLZ 1” has become the most expensive in the history of the Riyadh Car Show, fetching a record SAR 15.7 million in a high-stakes auction that drew intense bidding.

The plate was initially sold for SAR 13.4 million. With taxes and administrative fees, SAR 2 million in VAT and SAR 335,000 in commission, the total transaction reached SAR 15.7 million, setting a new benchmark for premium vehicle plate sales in the Kingdom.

The new owner, already known for possessing a distinctive plate reading “N W R 7” on a Lexus used during his wedding celebrations, has now secured one of the most exclusive identifiers in the country’s luxury car culture.

The auction, part of the 2025 Riyadh Car Show, has attracted collectors and enthusiasts from across the region.

Story by Gulf News

manager

Recent Posts

Trump won’t rush Iran deal, US blockade stays until agreement signed

US President Donald Trump defended Iran negotiations Sunday, saying critics “don’t know deal details” and…

1 day ago

Iran ‘blinking’ over Strait of Hormuz tensions

Iran appears to be in the process of “blinking” over the Strait of Hormuz, according…

1 day ago

Hajj 2026 begins in Saudi Arabia

The annual Hajj pilgrimage, one of the Five Pillars of Islam, officially began on Monday,…

1 day ago

Liverpool held by Brentford as Salah, Robertson say farewell

A Liverpool without Mohamed Salah and Andy Robertson is hard to comprehend, however well signposted their exits…

1 day ago

Man City fans pay tribute to Pep Guardiola: ‘Forever our boss’

I’m utterly devastated and have already shed tears,” says Manchester City fan Sophie Hope. There is a…

1 day ago

EDECS and Assarain Group Awarded Strategic Dry Port & Veterinary Quarantine Development at EZAD IP3 by OPAZ in the Sultanate of Oman

EDECS group, , a leading EPC contractor in the MEA region, has been awarded the…

2 days ago