Al-Sorayai a “Closed Stock” Company

Jeddah, Saudi Arabia, November 26, 2007--Having received the necessary approvals from the Saudi Ministry of Trade and Commerce, Al-Sorayai Trading Industrial Group has completed the required procedures of switching into a paid up capital "closed stock" company, after five decades of operating as a limited liability company.

The firm is the industry’s oldest producer and exporter of carpet within the Middle East. Al-Sorayai Trading Industrial Group produces over 40 million square meters annually, through three manufacturing plants. One plant produces woven rugs and wall to wall carpets, the second manufactures machine made tufted wall to wall carpets, printed carpets, accent rugs, and hand tufted carpets, and the third factory produces industrial yarn.