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Minister of Commerce and Industry Approves Establishment of a Company
Saudi Press Agency Published in Saudi Press Agency on 26 - 04 - 2011

The Minister of Commerce and Industry Abdullah Ahmad Zaynal Ali Reza has approved the establishment of the Riyadh-based Saudi Business Owners Company, as a closed joint stock company, with a capital of SR Two million.
In a press statement issued here today, the Deputy of Ministry of Commerce for Internal Trade Dr. Hassan bin Fadhel Aqeel said that the capital is divided into 200,000 shares; the nominal value of each share is SR10; the founders have subscribed in all the shares; and the duration of the company will be 99 years.

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