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FINANCIAL NEWS
Saudi investors launch $40m Al Yamama Medical
22 Sep 2010
(MENAFN) Saudi Arabia�s Ministry of Commerce and Industry has approved the establishment of Al Yamama Medical Co as a closed joint stock company, the Saudi Press Agency reported.
The authorized capital of the Riyadh based company is $40 million divided into 15 million shares fully underwritten by the company�s partners, the agency said.
The company plans to trade, manage and operate hospitals and medical centers, as well as install and maintain medical equipment, the agency said.
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