Company Profile

Company overview

The current main activity, according to the companys commercial register is the wholesale sale of computers and their accessories including (selling printers and their inks) the wholesale sale of software including import. Retail sale of computers and their accessories (printers and their inks). Repair and maintenance of personal and laptop computers (of all types and sizes) repair and maintenance of printers and scanners, repair and maintenance of monitors keyboards mice and other similar accessories.

Company History

Computer Trading Company (the Company or the Exporter) was initially established as a sole proprietorship under Commercial Registration No. The amount of (100,000) one hundred thousand Saudi riyals is wholly owned by Suleiman Ibrahim Ali AlLuhaidan, and in accordance with the articles of incorporation issued in Riyadh on 02/09/1436 AH corresponding to (01/12/2014 AD) Ofoq Computer Trading Corporation was transformed into a limited liability company in the name of Ofoq Company. Computer for Trade and a partner was added so that the owners became Mr Suleiman Ibrahim AlLuhaidan and Mr Hamad Ibrahim Ali AlLuhaidan equally own the companys capital of (100,000) one hundred thousand Saudi riyals divided into (100) one hundred shares of equal value the value of each share is (1000) thousand Saudi riyals without changing the trade name In accordance with the partners decision dated 06/29/1441 AH (corresponding to 24/02/2020 AD) it was approved to convert the company into a closed joint stock company and to amend the companys trade name from Computer Horizon Trading Company to become Computer Trading Company. Suleiman Ibrahim AlLuhaidan with his full 50% share To the new partner Mr. Abdul Karim Ibrahim Ali AlLuhaidan, and increase the companys capital to (14,000,000) fourteen million Saudi riyals, divided into (1,400,000) one million and four hundred thousand shares, the nominal value of each share being (10) ten Saudi riyals. They are all common stock of one class, fully paid in value. The increase was met by transferring an amount of (13,900,000) thirteen million nine hundred thousand Saudi riyals from the partners current account to the capital. In accordance with Ministerial Resolution No. 344 dated 08/07/1441 AH (corresponding to 03/03/2020 AD) issued by the Ministry of Commerce the company was approved to be converted into a closed joint stock company.

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 issued instructions by the related regulators and supervisory authorities.