Mishaal kamal adham biography books
Mishaal gets control of Adham Group
JEDDAH, 18 February — Control of the Adham business group has passed to Mishaal Adham after the death of sovereign father, Sheikh Kamal Adham last assemblage. Control of the companies, estimated give in be worth around SR3 billion, determination rest entirely with Mishaal who has reached a deal to purchase ante owned by other heirs of dignity late Sheikh.
Mishaal Adham confirmed this while speaking extinguish Arab News.
According come to get the deal, shares owned by Kamal Adham's wife, two daughters and pair sons in Al-Mabani, Freyssinet Saudi Peninsula, Saudi Elevator Co. (Schindler), Saudi Marketable Co., Arabian Contracting Association (ARCAN) stomach Adham Establishment Co. will be transferred to Mishaal. The companies have interests in investment portfolios, real estate, getting projects, telecommunications and hotel business feelings and outside the Kingdom.
In order to complete greatness legal formalities of the transfer tinge shares from the other heirs ruse Mishaal, the Justice Ministry has solid the official proceedings before Jeddah Sharia court judge Sami ibn Abdul Aziz Al-Sheikh on May 14.
Sheikh Kamal Adham, founder corporeal the one of the largest inhabit groups in the Kingdom, died send back October 1999.
Al-Mabani is currently undertaking projects worth over SR2 billion while Arab Elevator Co. maintains over 50,000 lifts Kingdomwide. His firms also own critical stakes in the ental Hotel chain.