Saudi Arabia launches $266 mln company to develop holy sites
Published 18 Jan,2021 via Asharq Alawsat (English Edition) - Saudi Arabia has launched a company with an authorized capital of SR1 billion ($266 million) called “Kidana” to develop holy sites in the Kingdom.
Kidana will be headquartered in Mina and is the first closed joint-stock company owned by the Royal Commission for Makkah Al-Mukarramah and the Holy Sites (RCMC). RCMC made the announcement on Sunday.
Prince Abdullah bin Bandar bin Abdulaziz, chairman of the board of directors at Kidana, explained why it was important to maintain and preserve the two holy cities of Makkah and Madinah.
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Asharq Alawsat