ID :
86506
Wed, 10/28/2009 - 09:10
Auther :

'Al Mataf' International established as a Joint Stock Company

Riyadh, October 06, SPA -- Minister of Commerce and Industry Abdullah Ahmed Zainel approved here today the establishment of Al Mataf International as a closed joint stock Company.

Dr. Hassan Fadh Aqeel, Under Secretary of the Ministry of Commerce and Industry for
internal trade said in a statement to The Saudi Press Agency (SPA) that the
company's capital is SR 3,876, 000. Its capital is split into 387,600 shares with
a nominal value of 10 Saudi Riyals. The founders subscribed to all shares of the
company. Al Mataf International is a multi-faceted company.

The tenure of the company is 99 years, starting from the date of the Ministerial
approval resolution; and it can be extended by a resolution of the company’s
extraordinary general assembly.
--SPA

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