Company Formation in the Kingdom of Saudi Arabia is a system designed to facilitate business activities within the Kingdom. Its regulatory framework began with the issuance of the Companies Law by Royal Decree in 1965 and a decision by the Council of Ministers in the same year. The first commercial company in Saudi Arabia Records from the Ministry of Commerce indicate that Zainal Bin Ali Reda is the founder of the first commercial company in the Kingdom, established in 1869, and it was register...

Takween Advanced Industries Company is a Saudi joint-stock company listed on the Saudi Exchange (Tadawul) . It operates in two industrial sectors: nonwoven fabrics and plastics. The company was established in 1993 and was formerly known as Al-Othman Plastic Products Company (Plastico). It was listed on the Saudi Exchange (Tadawul) on February 7, 2012, and its shares are traded on the main market under the basic materials sector with the ticker symbol (Takween) and code (1201). Its ISIN is (SA13...