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The land transportation and logistics industry is a fast growing component of the vibrant Saudi economy. Saudi Arabia relies almost entirely on land transportation for the distribution of all goods and commodities that are produced locally or imported. It has no inland waterways and the current railway network covers only a small part of the country.
This is a follow up announcement made by the Saudi Transport and Investment Company- MUBARRAD on the Tadawul Website on 01/04/1433 corresponding to 11/02/2013.
The Saudi Transport and Investment Company- MUBARRAD announces its approval to the request submitted by the Beautiful Home Contracting Company in extending the duration of the Memorandum Of Understanding (MOU) for a further period of three months commencing 08/08/1434, corresponding to 17/06/2013 until 03/01/1435, corresponding to 06/11/2013; and to exempt Drake and Skull Construction Company at their request from offering investment, development, and exploring new opportunities on the land owned by the Saudi Transport and Investment Company-MUBARRAD located at Qadisiyya, east of Riyadh City. In addition, the Saudi Transport ad Investment Company- MUBARRAD affirms the absence of any conflict of interest within the parties involved in relation with the Memorandum of Understanding (MOU).
Follow-up to the Saudi Transport and Investment Company Mubarrad announcement on Tadawul website dated 16/09/1433. corresponding to 04/08/2012. Saudi Transport and Investment Company Mubarrad announces that it had signed a Memorandum of Understanding with Drake & Scull International PJSC and Al Bayt Al Jameel Contracting on Sunday 29/03/1434. corresponding to 10/02/2013 for a period of three months, subject to renewal, for the purpose of investing, developing and exploring new opportunities for the company owned land located in Qadisiyah neighborhood in the eastern Riyadh. ~ Saudi transport & Investment company Mubarrad management assures no conflict of interest between any individuals or parties relating to the Memorandum of Understanding signed
It is the pleasure of the board of directors to invite its dear shareholders who own 10 shares or more to attend in the 26th Annual General Assembly scheduled –by the will of God- on Monday 27/05/1434, corresponding to 04/08/2013, at the company's main office located at Salah Aden Al-ayoubey road, mecca intersection, Malaaz, Riyadh, at exactly four o'clock in the afternoon to consider the following agenda:-
This is to inform you that the meeting will not be true unless attended by shareholders who represent at least half of the capital. And those who are unable to attend in the said meeting should appoint a shareholder other than the members of the board of directors, shareholders from company employees, or one who is permanently working in technical and administrative account of the company to attend on his behalf, as he should submit his authorizations to the main office of the company or send it via mail at P.O. Box No. (7939) Riyadh (11472) or through fax at (+966 14792586). These authorizations shall be sent 3 days prior to the annual general assembly as mentioned above. It is also necessary for the authorizations to be certified from its designated bank/s or from the shareholder employer and therefore from the Chamber of Commerce. Also be Inform to attach a copy of proof about stock ownership and civil status I.D. or passport as it is required according to the instructions of the Ministry of Trade and Industry in this regard. In the end, these authorizations are effective up to the subsequent meeting in case of postponement that may cause by lack of quorum.
The financial Results for the period ended in 31/12/2012 are as explained in the following section: