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Commerce minister approves establishment of KEC
Saudi Press Agency Published in Saudi Press Agency on 02 - 08 - 2010

Minister of Commerce and Industry, Abdullah Ahmad Zaynal Ali Reza has approved the establishment of Knowledge Economic City Company, KEC, as a stock company with a capital of SR 3.393 billion.
The capital will be split into 339,300,000 shares and the value of each share amounts to SR 10.
The company will be concerned with development of real estates and reclaimed lands in the economic cities.
The Jeddah-based company will be managed by a 7-member board of directors who are to be appointed by the company's general assembly for a period of three years.

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