2005 News Story

Zamil Group now joint stock company

Minister of Commerce and Industry Dr Hashem Yamani announced yesterday that the Al-Zamil Group has been transformed into a joint stock company with a capital of SR52.2 million [U.S. $13.9 million]. The activities of the company, based in Al-Khobar in the Eastern Province, cover business, industry, real estate, contracting, services, transport, operation and maintenance.

Minister Yamani also announced approval of the establishment of the Al-Khaleej Real Estate Company as a joint stock company in Riyadh with a capital of SR325 million [$86.8 million].