JEDDAH, 8 February 2007 -- The Jeddah Chamber of Commerce and Industry (JCCI) formed a number of new subcommittees recently, including a Committee for Joint Stock Companies and a Council for the Protection of Interests of the Business Sector, Sheikh Saleh Al-Turki, chairman of the chamber, said.
The Committee for Joint Stock Companies aims at studying the developments in financial market and submitting periodic reports to the chamber. Its members will include representatives of banks, various business sectors besides market experts.
The Council for the Protection of Interests of the Business Sector headed by Khaled Hamid Zainy will offer technical and consultancy support to the chamber and serve as a bridge between the government and private sector.
"The launching of the committees reflects the chamber's keenness to serve the businessmen and investors in all sectors," said Al-Turki, adding that the committee for joint stock companies is significant as more companies launch initial public offerings (IPOs) and recurring fluctuations in the stock market.
Eight more committees covering areas such as securities market, auditing, human resources development, oceanic activities, restaurants and cafes, friends of sick people and trade marks have also been formed. These committees are in addition to the existing 50 committees in the chamber, the chamber said in a statement yesterday.
© Arab News 2007
