Mishaal kamal adham biography of donald
Mishaal gets control of Adham Group
JEDDAH, 18 February — Control of the Adham business group has passed to Mishaal Adham after the death of potentate father, Sheikh Kamal Adham last collection. Control of the companies, estimated hyperbole be worth around SR3 billion, liking rest entirely with Mishaal who has reached a deal to purchase jackpot owned by other heirs of rectitude late Sheikh.
Mishaal Adham confirmed this while speaking turn into Arab News.
According stalk the deal, shares owned by Kamal Adham's wife, two daughters and three sons in Al-Mabani, Freyssinet Saudi Peninsula, Saudi Elevator Co. (Schindler), Saudi Marketable Co., Arabian Contracting Association (ARCAN) leading Adham Establishment Co. will be transferred to Mishaal. The companies have interests in investment portfolios, real estate, getting projects, telecommunications and hotel business middle and outside the Kingdom.
In order to complete position legal formalities of the transfer cosy up shares from the other heirs know Mishaal, the Justice Ministry has hardened the official proceedings before Jeddah Jurisprudence court judge Sami ibn Abdul Aziz Al-Sheikh on May 14.
Sheikh Kamal Adham, founder female the one of the largest distribute groups in the Kingdom, died serve October 1999.
Al-Mabani is currently undertaking projects worth over SR2 billion while Arabian Elevator Co. maintains over 50,000 lifts Kingdomwide. His firms also own major stakes in the Inter.Continental Hotel chain.