Refineries establishes a subsidiary with SR5 mln capital

Saudi Arabian Refineries Company announces the completion of the issuance of the memorandum of association and commercial registration for its subsidiary company under the name Al-Sado Investment Company (a limited liability company owned 100% by the Saudi Arabian Refineries Company).

Refineries added in a statement published on Tadawul that the subsidiary’s capital will worth SR 5 million and commercial registration No. 4030475999 and its head office is Jeddah.

The company carries out real estate activities, financial activities, financial technology, tourism services, public construction activities, mining and quarrying activities. The company will start providing its services after completing all the establishment work in terms of administrative and technical terms and the necessary licenses.