The Minister of Commerce and Industry Dr. Tawfiq bin Fawzan Al-Rabiah approved today the transformation of two Jeddah-based companies with capitals of SR 410 million from the limited liability firms into closed joint stock companies. A statement issued by the Ministry said that the two companies included The Middle East Company for Paper Industry with a capital of SR 360 million and Saudi Gulf Company for Environment Protection with a capital of SR 50 million, noting that partners have subscribed to all shares of the two companies.