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Saad Al-Mubti and Partners OK'd to be joint stock firm
SPA Tawfiq Bin Fawzan Al Published in The Saudi Gazette on 22 - 04 - 2012

Rabeah, Minister of Commerce and Industry, approved Saturday a license for the transformation of Riyadh-based Saad Al-Mubti and Partners Contracting Company from a limited liability to a closed joint stock company with a capital of SR140 million.
The capital will be split into 14 million shares, each with a nominal value of SR10 subscribed fully by its partners.
The approval came within the framework of the government's policy to enhance sectoral economic activities.
The company, founded in 1970, is specialized in the construction and maintenance of roads, bridges, airports, railways, dams, and all kinds of buildings.

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