Mouwasat to Become Joint Stock Company

Author: 
Arab News
Publication Date: 
Tue, 2005-10-04 03:00

RIYADH, 4 October 2005 — Sources assured Al-Eqtisadiah newspaper that the Ministry of Commerce and Industry agreed to convert Mouwasat Company for Medical Services, owner of Mouwasat Hospitals and centers, to a closed joint stock company with capital of SR147 million. The company is aiming at reconfiguring to public joint stock company in two years and to offer it stocks to public underwriters.

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