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Saudi Commerce and Industry Minister approves establishment of SR 2 billion Real Estate Company - ASHARQ AL-AWSAT English Archive
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Riyadh, Asharq Al-Awsat- Minister of Commerce and Industry Hashim bin Abdullah Yamani has approved establishment of a Real Estate Company with a capital of SR 2 billion.

The capital is divided into 40,000,000 shares and the value of each share is SR 50.

The founders of the company have already paid the total capital of the Riyadh-based company.

The company will be managed by a board of directors comprising five members to be appointed by the company”s general assembly for a period of three years.

The period of the first board of directors will be five years.

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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