The Minister of Commerce and Industry, Dr Hashim bin Abdullah Yamani, on Saturday approved a license under which Al-Babtain Company is transformed from a limited liability company to a joint-stock company. The Company will be named “Al-Babtain Company for Energy and Telecommunications.”
The Company has a capital of SR180 million, which is split into 3.6 million shares, each with a value of SR50.
The Riyadh-based company has chosen its Board of Directors for a term of three years.
Source: SPA
