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Minister of Commerce and Industry Approves Transformation of Two Companies
Saudi Press Agency Published in Saudi Press Agency on 16 - 06 - 2012

The Minister of Commerce and Industry, Dr. Tawfiq bin Fawzan Al-Rabiah approved today the transformation of the Dammam-based Al-Jabr Trade Holding Company with a capital of SR 57.5 million, and the Jeddah-based Bakheet Equipment Company with a capital of SR 50 million from solidarity and limited liability companies to closed joint stock companies.
The capital is split into shares; the nominal value of a share is SR 10. The two companies' shares have been fully subscribed by partners.
Al-Jabr Company deals in real estate ; while Al-Bakheet Company deals in agricultural and industrial equipment.
The Minister's approval came within the framework of the State's policy to enhance economic activities in various sectors.

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