JEDDAH, 5 February 2007 — The Foreign Ministry has opened an office at the Riyadh Chamber of Commerce and Industry in order to provide quick attestation service for recruitment and public service agencies and individuals, according to Ibrahim Al-Kharashi, undersecretary for consulate affairs at the ministry. “Once our foreign missions are linked with the chambers of commerce and industry, there will not be any need for people to visit our offices for attestation,” he said. People can also pay attestation fees through ATMs at the ministry’s headquarters in Riyadh from tomorrow.
SABIC Board of Directors Nomination
RIYADH, 5 February 2007 — Saudi Arabian Basic Industries Corporation (SABIC) is inviting nominations for membership to its board of directors to represent the private sector for 2007 and 2009. There are two places available and nominations need to be sent to the company on or before Jan. 10 together with details of the qualifications of candidates and other relevant information. For further information telephone (01) 2258000, fax (01) 2259766 and email [email protected].
Tabuk Cement Set to Expand
RIYADH, 5 February 2007 — The Tabuk Cement Co. will open a new gypsum plant with a 300,000 ton capacity. Khaled Al-Shathri, chairman of the board of directors, said the board has decided in its meeting on Wednesday, that it will also increase the capital by 28.6 percent from SR700 million to SR900 million by granting two shares to each seven shares. The total shares are to increase from the present 70 million to 90 million. The board also agreed to launch a new production line with a daily capacity of 5,000 tons, a company statement posted on the Saudi bourse said yesterday.
ADC Signs Deal With Baksh Hospitals
RIYADH, 5 February 2007 — The Ahsa Development Co. (ADC) signed a Memorandum of Understanding with the Abdul Rahman Taha Baksh Group of Hospitals to buy about 50 percent of the hospital group. ADC will evaluate the assets and liabilities of the hospital group.