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SR 340 Million Companies Established
Saudi Press Agency Published in Saudi Press Agency on 19 - 06 - 2012

The Minister of Commerce and Industry, Dr. Tawfiq bin Fawzan Al-Rabiah approved today the establishment of Riyadh-based Hamad Ali Al-Saqri Holding Company for Real Estate with a capital of SR 240 million and Jeddah-based Sawaed Inma Company for Recruitment and Labor Services with a capital of SR 100 as joint stock companies.
The capital is split into shares; the nominal value of a share is SR 10. The companies' shares have been fully subscribed by partners.
The Minister's approval came within the framework of the State's policy to enhance economic activities in various sectors.

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