4001 · 20/01/2015 16:52:13 · Announcement #36823 · View on Saudi Exchange

Abdullah Al Othaim Markets Company announces its participation in establishing Mueen Recruitment Company -A Saudi joint stock company (Under Foundation)

Abdullah Al Othaim Markets Company (The Company) announces the signing of Agreement on 20/01/2015 to participate with others partners to establish Mueen Recruitment Company - A Saudi closed joint stock company (under foundation) based in Riyadh City. The Company will be engaged in manpower recruitment activities and providing household workers for public and private sectors. The paid up capital of the Company would be SR (100,000,000) Only one Hundred Million Saudi Riyals. Abdullah Al Othaim Markets Company share would be (88%) of the capital share, and it will be financed from its own resources.
Procedures to get the necessary official approvals for establishing the company are in progress according to the applicable regulations.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.