Saudi Minister Endorses Two Joint Stock Companies


(MENAFN- Saudi Press Agency) The Minister of Commerce and Industry Dr. Tawfiq bin Fawzan Al-Rabiah has approved licenses for the transformation of Riyadh-based World Aluminum Company with a capital of SR 200 million to limited liability from a closed joint stock company and the establishment of Dammam-based Labor Services Company with a capital of SR 145.5 million as a closed joint stock company. The capitals will be split into shares, each share with a nominal value of SR 10 subscribed fully by their partners.


Saudi Press Agency

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