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Business & Economy

Al-Nabet Co. becomes a closed joint company

Riyadh: Minister of Commerce and Industry, Tawfiq bin Fawzan Al-Rabiah has approved the transformation of Riyadh-based Nasser bin Mohammed Al-Nabet and His Sons Company with a capital of SR100 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.
Al-Nabet Company deals in establishment, operation, maintenance and development of industrial cities and projects.
The Minister’s approval came within the framework of the State’s policy to enhance economic activities in various sectors.


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