The Minister of Commerce and Industry, Dr. Tawfiq bin Fawzan Al-Rabiah has approved a license for the transformation of Riyadh-based Saad Al-Mubti and His Partners Contracting Company from a limited liability to a closed joint stock company with a capital of SR 140 million. The capital will be split into 14 million shares, each share with a nominal value of SR 10 subscribed fully by its partners.