Updated

A Saudi man is reportedly trying to sell his son on Facebook for the bargain price of $20 million.

Saud bin Nasser Al Shahry is seeking that amount -- or 73 million UAE Dirhams -- in exchange for his son because a local court recently shuttered his illegal debt-collection business, VentureBeat.com reports, citing a report by Al Sharq, a news outlet based in Qatar.

Al Shahry reportedly resorted to child trafficking so that he, his wife and daughter could avoid "living in poverty." His only stipulation, according to reports, is that he knows the city in which the buyer resides.

The sale of children is illegal in Saudi Arabia, but the Saudi government does little to stop it, according to the U.S. Department of State. It has been designated as a Tier 3 country for human trafficking, indicating that the government doesn’t meet minimum international standards of human trafficking or seek to uphold them.

Al Shahry is now ready to go to court to complete the "sale procedures," Al Sharq reports.

Russia Today, however, suggests the sale is merely a publicly stunt aimed to attract a rich investor to save Al Shahry from his financial troubles.

Click here to read more on this report from Russia Today.

Click here to visit Al Sharq.