Company Profile

Company overview

Wholesale of household electronic and electrical appliances, wholesale of sanitary ware, extensions and supplies, wholesale of sanitary ware, extension and maintenance, water, home repair projects of home and garden equipment. A pioneer in the company in maintaining superiority and advantage in the competition through its brand that was owned by UGINE, watching the progress of electrical and home air conditioning products,

Company History

Amwaj International Company was incorporated by virtue of the Articles of Association dated 12/01/1426 AH corresponding to 02/21/2005 AD as a limited liability company under Commercial Registration No. (1010206261) dated 20/01/1426 AD corresponding to 01/03 /2005 and issued in the city of Riyadh with a capital of five hundred thousand (500,000) Saudi riyals divided into five thousand (5000) cash share of equal value, the value of each share is one hundred (100) Saudi riyals, distributed among the partners as follows God fine Raddad Saeed Al-Zahrani owns 3500 A share in the ownership percentage of 70% of the capital, and Badr fined Raddad Al-Zahrani owns 750 shares with an ownership percentage of 15%, and Mazen fined Raddad Al-Zahrani with an ownership percentage of 15%. In accordance with the partners decision dated 05/07/1430 AH corresponding to (06/28/2009 AD), the preamble to the articles of incorporation was amended with the entry of one partner and the exit of two partners through the partners relinquishment, and Allah bin Raddad bin Saeed Al-Zahrani fined his entire three thousand five hundred (3,500) shares to the company. Zahran Holding as a new partner in the company, and partner Badr bin Gharamallah bin Raddad Al-Zahrani ceded five hundred (500) shares to Zahran Holding Company as a new partner in the company, and partner Mazen bin Gharamallah bin Raddad Al-Zahrani gave up his entire seven hundred and fifty shares ( 750) share to Zahran Holding Company as a new partner in the company, so the owners of the company are Zahran Holding Company, with a total of four thousand seven hundred and fifty (4,750) shares, a share worth four hundred and seventy-five thousand (475,000) Saudi riyals with a percentage of ownership (95%), and Badr Allah fined Al-Zahrani. A partner with a total of two hundred and fifty (250) shares worth twenty five thousand (25,000) Saudi riyals, with an ownership percentage of (5%), and in accordance with the partners decision dated 20/02/1442 AH corresponding to (07/10/2020 AD), the transfer of the legal entity of the company was approved From a limited liability company to a closed joint stock company and increase the capital of the A company from five hundred thousand (500,000) Saudi riyals to sixty million (60,000,000) Saudi riyals, and according to Ministerial Resolution issued by the Ministry of Commerce No. 46 dated 04/03/1442 AH corresponding to 10/21/2020 AD, it was approved to convert the company into a closed joint stock company with a capital Money amounting to sixty million (60,000,000) Saudi riyals divided into six million (6,000,000) ordinary shares of equal value, each with a nominal value of ten (10) Saudi riyals, all ordinary shares of one class, and the increase was met by transferring the amount of fifty-nine million five hundred thousand (59,500,000) SAR from the retained earnings account

Company Bylaws

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Equity Profile

Investment limits

There are no investment limits on the company's shares as per the amended Rules for Qualified Foreign Financial Institutions Investment in Listed Securities and Instructions for the Foreign Strategic Investors Ownership in Listed Companies based on Company's bylaw and the issued Instructions by related regulators and supervisory authorities.