JEDDAH, 22 August 2005 — Asir Company for industry, tourism, real estate and construction announced the signing of consulting agreement with the Gulf International Bank (GIB) to prepare Halawani Company and Rabie Company for public underwriting. Asir Company was first established in 1977 with total capital of SR50 million and increased to SR250 million as the company developed. The company is totally owned by the private sector.