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NUMBER OF COMPANIES REACHED 9,813 WITH AN INVESTED CAPITAL OF SR.169.3 BILLION
Jeddah, Feb 11th, 2001
THE MINISTRY OF COMMERCE HAS ANNOUNCED THAT THE NUMBER OF COMPANIES REACHED 9, 813 WITH AN INVESTED CAPITAL OF SR.169,300 MILLION UNTIL THE END OF THE FISCAL YEAR 1419/1420H.

THE MINISTRY'S STATISTICS DISCLOSE THAT THESE COMPANIES INCLUDED 116 JOINT STOCK COMPANIES, WHICH TOOK THE FIRST POSITION, WITH A CAPITAL OF SR 87,047 MILLION. THE 6,238 LIMITED COMPANIES WITH A CAPITAL OF SR.76,661 MILLION GOT THE SECOND RANK AND THEY COMPRISED 4,980 SAUDI COMPANIES WITH A NATIONAL CAPITAL OF SR. 46,414 MILLION AND 1,141 SAUDI COMPANIES WITH A MIXED CAPITAL OF SR.28,878 MILLION AND 117 SAUDI COMPANIES WITH A FOREIGN CAPITAL OF SR. 1,328 MILLION.

THE REPORT SAID THAT THE JOINT LIABILITY COMPANIES WERE 2,454 WITH A CAPITAL OF SR. 3,808 MILLION, SECURING THE THIRD RANK AND LIMITED PARTNERSHIP COMPANIES WERE 1,004 WITH A CAPITAL OF SR.1,833 MILLION GAINING THE FOURTH POSITION.

THE MINISTRY REPORTED THAT THE OFFICES OF 'INDEPENDENT' PROFESSIONS IN THE KINGDOM REACHED 3,736 UNTIL 1219/1420H, WORKING AT VARIOUS ENGINEERING , ECONOMIC , LEGAL AND OTHER ACTIVITIES AND THE NUMBER OF TRADE AGENCIES ACCOUNTED FOR 6,326 WHICH DEAL IN VARIOUS DOMESTIC AND FOREIGN COMMODITIES AND PRODUCTS.

THE REPORT SAID THAT TRADE ESTABLISHMENTS WORKING IN THE KINGDOM AND LICENSED BY THE MINISTRY WERE 481,000 IN ALL THE REGIONS OF THE KINGDOM.

IT ADDED THAT THE NUMBER OF HOTELS REACHED 412 WITH A CAPACITY OF40,771 ROOMS.

THE MINISTRY RECALLED THE ROYAL ORDER ISSUED IN 1373H, WHICH CONTAINED DIRECTIVES FOR ITS ESTABLISHMENT AND ITS ASSIGNMENT TO ORGANIZE DOMESTIC AND FOREIGN TRADE AND ENSURE DEVELOPMENT OF THE COMMERCIAL SECTOR.

Saudia-Online.com
Source: SPA 

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