Saudi Advanced Industries Company announces the latest developments to establish a subsidiary with limited liability (one person)
- Date : 2023-06-11
| Element List | Explanation |
|---|---|
| Introduction | Saudi Advanced Industries Company announces the completion of the issuance of the Memorandum of Association and the commercial registration of its subsidiary under the name of (United Permanent Growth Investment Company), a limited liability company (one person) wholly owned by the Saudi Advanced Industries Company, with a capital of (5,000,000) Saudi riyals. The company will start its business after completing all the incorporation works in terms of administrative and technical aspects.
The activity of the United Permanent Growth Investment Company is to carry out the activities of investment companies.. |
| Previous Announcement | Saudi Advanced Industries Company announces the approval of its board of directors to establish a limited liability company |
| Date of Previous Announcement on Tadawul’s Website | 2023-06-06 Corresponding to 1444-11-17 |
| Percentage of fulfilled achievement | Core requirements completed |
| Event’s Expected Completion Date | within 60 days of its date |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | There are no costs associated with the event during the current period, and the financial impact will be announced later, if any |