Yamani Approves Setting Up of BIG

RIYADH, 6 December 2006 — Dr. Hashim Yamani, minister of commerce and industry, has signed the formal documents for establishing Bakheet Investment Group (BIG), a closed joint stock company, with a fully paid up capital of SR 60 million. BIG is an independent investment services company owned by thirty-four Saudib. Headquartered in Riyadh, BIG plans to open regional branches across the Kingdom in the coming months. Its main activities include asset management, investment advisory services and custody of financial securities. Its board of directors consists of five members chaired by Beshr Bakheet.