Minister of Commerce and Industry Approves Companies` Transformation and Establishment

Riyadh, January 11, 2010, SPA -- The Minister of Commerce and Industry,
Abdullah bin Ahmed Zainal Ali Redha has approved the transformation of three
companies and the establishment of one company.


The Ministry's Undersecretary for Internal Trade Hassan bin Fadl Aqil said that
the companies transformed from limited liability to closed joint stock
companies included the following:

-- Awaed Company for Real Estate Development and Investment with a capital of
SR 2 million;
-- Al-Sadhan Trade Company with a capital of SR 2,560,000, practicing
activities in foodstuffs and agricultural products,
-- Kafa'ah Company for Maintenance and Operation with a capital of SR 2 million.


The Minister also approved the establishment of Saudi Arabian Barclays Company
as a closed joint stock company with a capital of SR 79.5 million practicing
trade activities as an agent.


--SPA