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Minister of Commerce and Industry Approves Transformation of Three Companies
Saudi Press Agency Published in Saudi Press Agency on 16 - 01 - 2013

The Minister of Commerce and Industry, Dr. Tawfiq bin Fawzan Al-Rabiah has approved the transformation of Sha's Company For Trade and Maintenance with a capital of SR 50 million, Safari Company with a capital of SR 30 million, and Saudi Abyat Company for Building Materials with a capital of SR 25 million from limited liability companies to closed 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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