Saturday, Jul 11, 2009
BEIRUT (Zawya Dow Jones)--Saudi Arabia's Abdulali Al Ajmi Co. has received the approval of the country's Ministry of Commerce and Industry to convert from a limited liability company into a closed joint-stock company with a capital of 173 million Saudi riyals ($46.1 million), the state-run Saudi Press Agency, or SPA, reports Saturday.
Riyadh-based Abdulali Al Ajmi is a contracting firm mainly involved in road construction and infrastructure projects, the news agency reports citing the Ministry's undersecretary for domestic trade Hassan Aqeel.
News agency Web site: www.spa.gov.sa
-By Beirut Bureau, Zawya Dow Jones; +961-1-985 757; BeirutZDJ@zawya.com
(END) Dow Jones Newswires
11-07-09 1121GMT
