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Minister of Commerce and Industry Approves Transformation of An Equipment Company
Saudi Press Agency Published in Saudi Press Agency on 17 - 02 - 2013

The Minister of Commerce and Industry, Dr. Tawfiq bin Fawzan Al-Rabiah, has approved the transformation of the Jeddah-based Bakhit Company for Equipment from a limited liability to a closed joint stock company with a capital of SR 50 million.
The capital is divided into 5 million shares with SR 10 as a nominal value per share. The founders have subscribed in all the company's shares.
The Minister's approval came within the framework of the State's policy to enhance economic activities in various sectors.

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