Saudi riyal 50m financial company to be established
Riyadh - SPA
The Minister of Commerce and Industry, Dr. Tawfiq bin Fawzan Al-Rabiah, has approved the establishment of Riyadh-based Financial Growth Company for Financial Consultations as a closed joint stock company under construction with a capital of SR 50 million.The capital is split into shares and the nominal value of a share is SR 10. The company' shares have been all 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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