The Minister of Commerce and Industry, Dr. Tawfiq bin Fawzan Al-Rabiah, has approved the transformation of Kharj-based Mashatel Al-Bustan (Garden Nursery) Company with a capital of SR 50 million from a limited liability company to a closed joint stock company. The capital is split into shares; the nominal value of a share is SR 10. The company's shares have been fully subscribed by partners. Mashatel Al-Bustan Company deals in the establishment of plant nurseries, and wholesale and retail trade in seedlings, flowers, ornamental plants, agricultural equipment, and maintenance and coordination of planting gardens and parks. The Minister's approval came within the framework of the State's policy to enhance economic activities in various sectors.
