Establishing a Saudi company for investment with 100 million Riyals capital

The Saudi businessmen's council decided to establish a holding company for joint investment in Saudi Arabia with a capital of 100 million Saudi Riyals.

A statement issued by the council said that the council will name the company the International Investment Company and that the company will be located in Riyadh and open branches in other areas inside and outside Saudi Arabia.

The statement also said the company will be an executive tool for the Saudi private sector, through which it could enter into joint investments inside and outside Saudi Arabia to help increase exports of Saudi products.