Including the purchase of liquidated marketing

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Reference no: EM132031764

Al-Masafi Saudi Arabia Company(SARCO), established in 1960, with a capital of 150 million Saudi Riyals. The main company activity is to carry out all petroleum business activities, including the purchase of liquidated marketing, importation, exportation of petroleum distribution, including crude oil and petroleum products, its derivatives at home and abroad, implementation of commercial and industrial projects, land and utilities reform, transport and water, import and trade of materials and equipment. The company has participated in some projects: 1- Contribution to Riyad Bank: Riyadh Refineries Company (2400) shares. 2-Contribution to the Saudi Industrial Investment Group: The company owns the shares of the Saudi Industrial Investment Group with a share of 3.38% and a number of (15,194,480) shares, and there are a lot of projects that the company has participated in. The United Accountants (RSM) reviews the financial statements of the company each year.

Reference no: EM132031764

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