Al-Tahzeeb Education Company Transformed With a Capital of SR 18 Million

The Minister of Commerce and Industry Abdullah Ahmad Zaynal Ali Reza has approved the transformation of Al-Tahzeeb Holding Company for Education Services with a capital of SR 18 million from a limited liability into a closed joint stock company.The company's capital is divided into 1.8 million shares with a nominal value of SR 10 for each share. The founders have subscribed in all the shares of the company.
The duration of the company is 99 years starting from the date of the Ministerial approval resolution; the duration may be extended by a resolution of the company extraordinary general assembly.It is noteworthy that the Company's shares can be traded only after obtaining the approval of Capital Market Authority (CMA).