Ministery of commerce approves transformation of tourism company
Riyadh - SPA
The Minister of Commerce and Industry, Dr. Tawfiq bin Fawzan Al-Rabiah, has approved the transformation of Jeddah -based Al-Bouqari and Al-Sabban Tourism Company with a capital of SR 50 million from a limited liability company to a closed joint stock company. The capital is split into shares; the nominal value of a share is SR 10. The company's shares have been fully subscribed by partners. The Minister's approval came within the framework of the State's policy to enhance economic activities in various sectors.
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