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Minister of Commerce and Industry Approves Companies" Transformation and Establishment
Saudi Press Agency Published in Saudi Press Agency on 11 - 01 - 2010

The Minister of Commerce and Industry, Abdullah bin Ahmed Zainal Ali Redha has approved the transformation of three companies and the establishment of one company.
The Ministry"s Undersecretary for Internal Trade Hassan bin Fadl Aqil said that the companies transformed from limited liability to closed joint stock companies included the following:
-- Awaed Company for Real Estate Development and Investment with a capital of SR 2 million;
-- Al-Sadhan Trade Company with a capital of SR 2,560,000, practicing activities in foodstuffs and agricultural products,
-- Kafa"ah Company for Maintenance and Operation with a capital of SR 2 million.
The Minister also approved the establishment of Saudi Arabian Barclays Company as a closed joint stock company with a capital of SR 79.5 million practicing trade activities as an agent.

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