RIYADH, 29 November 2005 — The Minister of Trade and Industry, Dr. Hashem Yamani, approved the establishment of Trabouh Real Estate Company as a Saudi closed joint stock company with a beginning capital of SR2 billion divided into 40 million shares at a price of SR50 per share. The Riyadh-based company is headed by a board composed of 5 members appointed by the members of the common committee.