Awwal 18, 1432, Feb 21, 2011, SPA -- The Minister of Commerce and Industry, Abdullah bin Ahmed Zainal Ali Reza has approved the establishment of Al-Khayyat Company for Trade and Engineering with a capital of SR 350 million; Mada Investment Company; Abdulrahman Al-Tawalah Company; and Al-Sheiha Company, each one with a capital of SR 2 million as closed joint stock companies. Dr. Hassan bin Fadhel Aqeel, the Deputy of Ministry of Commerce and Industry for Internal Trade said in a statement that the Minister has also approved the transformation of Al-Tahzeeb Company for Educational Services with a capital of SR 18 million, and Hamad bin Abdullah bin Suleiman Al-Manie' and His Partners for Trade with a capital of SR 25 million, from limited liability into closed joint stock companies. He noted that the nominal value of each shares of the companies is SR10 and that founders subscribed in all the shares.
