Began intensive efforts to consolidate the concept of public transport in the Kingdom since the issuance of Royal Decree No. ) m / 11) dated 03/07/1399 AH approval of licensing the establishment of the Saudi Company for mass transit, for the transfer of passengers in the Kingdom of Saudi Arabia , was followed by a royal decree cream last number (m / 48) dated 12/23/1399, giving the Saudi Public Transport ( Saudi Joint Stock Company ) commitment to passenger bus for fifteen Hijri year, according to the commitment contract concluded between the company and the Ministry of Transport .
In recognition of the successes of the company, and the anticipation of what could be achieved in the future, issued Council of Ministers Decision No. (57) dated 01/06/1414 AH agreeing to renew the contract of commitment between the government and the Saudi Company for mass transit, issued by Royal Decree (m / 48) and 23 / 12/1399 the same conditions contained therein for a period of fifteen years from 07/01/1414 AH, dated 05.21.1429 was renewed commitment contract for another five years, subject to extension as of 01/07/1429 AH, commitment contract was extended for a period of 3 years as of 1/7/1434 AH.
For the purpose of providing the necessary financial resources, which guarantees the fulfillment of the obligations of the company to the fullest, select the Statute of the company capital b ) 1,000,000,000 ( SAR thousand million has been increased to(1.250.000.000) thousand and two hundred and fifty million Saudi riyals during the year 2007 , as Select the main purpose of a passenger bus on the public roads within and between cities.
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