JEDDAH, 7 March 2005 — Al-Zamil Group has been transformed into a joint stock company with a capital of SR52.2 million, the Saudi Press Agency reported yesterday. Commerce and Industry Minister Dr. Hashem Yamani took the decision. Yemeni also approved the establishment of Al-Khaleej Real Estate Co. as a joint stock company in Riyadh with a capital of SR325 million. Al-Zamil’s founders have paid the capital of the Alkhobar-based company, whose activities will cover business, industry, real estate, contracting, services, transport, operation and maintenance.