The Minister of Commerce and Industry, Dr. Tawfiq bin Fawzan Al-Rabiah, has approved the establishment of Riyadh-based Bajah Food Industries Company with a capital of SR 50 million as a closed joint stock company.
The capital is split into shares and the nominal value of a share is SR 10. The company' shares have been all subscribed by partners.
The Minister's approval came within the framework of the State's policy to enhance economic activities in various sectors.