Minister Of Commerce and Industry Dr Hashim Yamani has approved changing Al-Ajlan Bin Abdulaziz And Brothers, (Ajlan And Brothers), from a public stock company into a limited stock company with a capital of SR 300 Million. The capital is split into 30 million shares and the nominal value of each share is SR 10. The company's founders have already paid the entire capital of the Riyadh-Based Company. The Company will work in the field of ready-made clothes, carpets and shimakh in addition to marketing services and real estate renting. The Company will be managed by a 7-Member board of directors who are to be appointed by the Company's general assembly. This development comes in line with the State's policy which aims at broadening the economic base and diversifying sources of income as well as enabling the private sector to positively contribute to the acceleration of the process of economic development in the country.
