هيئة السكك الحديدية السعودية

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Background

Starting in the northwestern region of the Kingdom, this line passes through Al-Jouf, Hail and Al-Qassim regions and terminates in Riyadh with extensions to Hazm Al-Jalamid to haul phosphate, and to Al-Zubayrah to haul bauxite, and to Ras Al-Zour on the Gulf where a major port will be constructed to export these and other mineral ores. In order that the Saudi Council of Ministers adopted the resolution of the incorporation of the Saudi Railways Company (SAR) in 1426 which shall be in charge of the management and operation of the North- south rail as well as the services and relevant utilities, operation and management and supervision, directly or through others in accordance with economics operating standards and according to standards of performance and safety. The company shall also undertake the establishment, implementation, management, operation and supervision of the railways projects in addition to the transport of mining materials, raw materials, fuel, cargo and passengers.

Also the company's capital is estimated to be one billion Saudi Riyals divided into 100 million shares of equal value where the nominal value is 10 SR​​​ per share. The extraordinary General Assembly may, however, to put all shares of the company or part of them for subscription. ​

Survey