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Two Saudi firms worth SR150m established
SPA Published in The Saudi Gazette on 19 - 02 - 2012

Saudi Minister of Commerce and Industry Dr. Tawfiq Bin Fawzan Al-Rabiah has approved the establishment and transformation of two companies with capitals of SR150 million.
The ministry said in a statement Saturday that Al-Rabiah approved the establishment of Riyadh-based Saudi Recruitment Company as a closed joint stock company with a capital of SR100 million.
The minister approved the transformation of Riyadh-based Abdulghani Al-Ajou and Sons Holding Company with a capital of SR50 million from a limited liability company to a closed joint stock company.
The statement pointed out that the capital is divided into shares with a nominal value of SR10 per share and the founders and partners have subscribed to all the shares of the companies.

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