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Saudi Arabia: Establishment of SR1.2 billion Cement Company in Northern Region - ASHARQ AL-AWSAT English Archive
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Riyadh, Asharq Al-Awsat- The minister of commerce and industry has approved the establishment of the cement company in the Northern region as a Saudi stock company with a capital of SR1.2 billion. According to the Saudi Press Agency.

The period of the company is 99 years effective from the date of the decision of the minister of commerce and industry to announce the establishment of the company.

The company will be managed by a 7-memeber board of directors to be appointed by the company’s general assembly for a period of three years.

The establishment of the company comes within the framework of the government’s policy to broaden and diversify the economic base and to encourage the private sector to positively contribute to the process of acceleration of the wheel of the economic development in the country

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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