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Minister of Commerce and Industry Approves Establishment and Transformation of 3 Companies
Al Published in Saudi Press Agency on 02 - 04 - 2011

Akhir 28, 1432, April 02, 2011, SPA -- The Minister of Commerce and Industry Abdullah Ahmad Zaynal Ali Reza has approved the transformation and establishment of three companies with a total capital of SR 6 million, each one with a capital of SR 2 million divided into 200,000 shares.
In a press statement issued here today, the Deputy of Ministry of Commerce for Internal Trade Dr. Hassan bin Fadhel Aqeel said that the Minister has approved the transformation of Riyadh-based Holding Al-Taweel Company and Sihat-based Holding Company of Sons of Abdullah Hussein Al-Mutawa' as well as the establishment of Riyadh-based Holding Al-Ahadiyyah Fifa Company as closed joint companies
He noted that the nominal value of each share of the company is SR10; the founders have subscribed in all the shares, and the duration of each company will be 99 years.

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