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Minister of Commerce and Industry Approves Transformation of a Company
Al Published in Saudi Press Agency on 27 - 03 - 2011

Akhir 22, 1432, March 27, 2011, SPA -- The Minister of Commerce and Industry Abdullah Ahmad Zaynal Ali Reza has approved the transformation of Al-Houshan Company Across the Gulf with a capital of SR 2 million from a limited liability company to a closed joint stock company.
The company deals among other things in wholesale and retail trade in equipment and materials as well as offices' furniture.
In a press statement issued here today, Dr. Hassan bin Fadhel Aqeel said that the nominal value of each share of the company is SR10; the founders subscribed in all the shares, and the duration of the company will be 99 years.

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