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Minister Approves Formation of Closed Joint Stock Transport Company
Al Published in Saudi Press Agency on 02 - 03 - 2011

Awwal 27, 1432, March 02, 2011, SPA -- Minister of Commerce and Industry Abdullah Ahmad Zaynal Ali Reza has approved formation of "Al-Jary" Transportation Company as a "closed joint stock company."
The Deputy of the Ministry of Commerce and Industry for Internal Trade, Hassan Bin Fadl Aqeel said the company's capital will be SR 80 million, which is split into 8 million shares, each of a nominal value of SR 10. The Founders of the Company have subscribed to all shares of the Riyadh-based Company.
The company will be engaged in transporting goods, equipment and petroleum products and their derivatives, he added.
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