SARCO establishes 100%-owned subsidiary with SAR 5 mln capital

27/06/2022 Argaam

Logo of Saudi Arabian Refineries Co. 

 

Saudi Arabian Refineries Co. (SARCO) completed the issuance of the memorandum of association and commercial register for its subsidiary, according to a bourse filing today, June 27.  

  

Jeddah-headquartered Al-Sado Investment Co. will be a limited liability company owned 100% by SARCO, with capital of SAR 5 million. Its commercial register number is 4030475999.  

  

The subsidiary will carry out real estate, financial, financial technology, tourism services, public construction, mining, and quarrying activities.   

  

Al-Sado will provide its services after completing all the administrative and technical measures and necessary licenses.  

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