Al-Nabet Co. becomes a closed joint company

Updated 15 January 2013
0

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.

--SPA


UK health minister tells companies to stop warnings about Brexit

Updated 24 June 2018
0

UK health minister tells companies to stop warnings about Brexit

  • Britain’s health minister Jeremy Hunt said on Sunday it was inappropriate for businesses like Airbus to issue warnings about moving jobs because of Brexit
  • Airbus on Friday issued its strongest warning yet over the impact of Britain’s departure from the EU, saying a withdrawal without a deal would force it to reconsider its long-term position and put thousands of British jobs at risk.

LONDON: Britain’s health minister Jeremy Hunt said on Sunday it was inappropriate for businesses like Airbus to issue warnings about moving jobs because of Brexit.
“It was completely inappropriate for businesses to be making these kinds of threats for one very simple reason — we are in an absolutely critical moment in the Brexit discussions and what that means is that we need to get behind Theresa May to deliver the best possible Brexit,” Hunt said told the BBC.
“The more that we undermine Theresa May the more likely we to end up with a fudge which will be absolute disaster for everyone.”
Airbus on Friday issued its strongest warning yet over the impact of Britain’s departure from the EU, saying a withdrawal without a deal would force it to reconsider its long-term position and put thousands of British jobs at risk.