08 February 2012
Riyadh - The Minister of Commerce and Industry and Chairman of the Committee of Real Estate Shareholdings, Dr. Tawfiq bin Fawzan Al-Rabiah re-assured all shareholders of Joharat Al-Sharq Group located in Khobar City that their rights are preserved and no party can infringe or seize them.
In a press statement today, Dr. Al-Rabia pointed out that among the shareholdings being studied by the Committee is Joharat Al-Sharq after the issuance of a royal order recently that the Committee is competent to examine this file and finish it.
He said that the preservation of the rights of shareholders and giving back their money in all real estate shareholdings are among key priorities of the Committee under a decision of Council of Ministers, No. 130, dated 07/05/1429AH, which authorized the Committee to examine all stalled shareholdings before 22/8/1426 AH in implementation of the directives of the Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz Al Saud and the Crown Prince, stressing that the rights of shareholders will not be diminished in favor of the rights of any other shareholdings belonging to Saleh Al-Duraibi Group , and that will be achieved very soon.
Riyadh - The Minister of Commerce and Industry and Chairman of the Committee of Real Estate Shareholdings, Dr. Tawfiq bin Fawzan Al-Rabiah re-assured all shareholders of Joharat Al-Sharq Group located in Khobar City that their rights are preserved and no party can infringe or seize them.
In a press statement today, Dr. Al-Rabia pointed out that among the shareholdings being studied by the Committee is Joharat Al-Sharq after the issuance of a royal order recently that the Committee is competent to examine this file and finish it.
He said that the preservation of the rights of shareholders and giving back their money in all real estate shareholdings are among key priorities of the Committee under a decision of Council of Ministers, No. 130, dated 07/05/1429AH, which authorized the Committee to examine all stalled shareholdings before 22/8/1426 AH in implementation of the directives of the Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz Al Saud and the Crown Prince, stressing that the rights of shareholders will not be diminished in favor of the rights of any other shareholdings belonging to Saleh Al-Duraibi Group , and that will be achieved very soon.
© Saudi Press Agency 2012
