Company Incorporation Biography

Al Talal Al Adel Company for Contracting and General Trading Limited Liability works with a high capital, and aspires to contribute to investing capital in the field of general contracting, construction, electrical, mechanical and engineering contracting and includes carrying out work related to the construction, expansion and demolition of buildings of all kinds, road works, pavements, bridges, railways, airports, dams and reservoirs for irrigation and drainage projects and engineering works Surveying, ports, extending water and sewage pipelines and other construction works,

Ways to achieve the company's activities:

• Owning the movable funds necessary for the realization of its activity ((from various means of transportation, a number of tools, machines, etc.) and conducting all legal actions on it according to the laws in force or that replace them.
• Owning immovable property and carrying out all the legally permissible actions.
• Contributing to all companies establishing, buying, selling and merging, except for the joint liability companies.
• Engaging in legally permissible business according to the company's need and the interest of the shareholders, in accordance with the laws in force.
• Conclusion of various contracts and transactions with various parties in the private cooperative sector and any other organizations established under the law alone or with others in relation to and in harmony with the implementation of their activities and objectives.
• Insurance on its money, business and movable and immovable property with insurance companies, with the aim of preserving them and preventing the damages that befall them.
• Entering into all tenders, auctions and undertakings with all parties in the public or cooperative, mixed, and private sectors.
• Importing everything related to the company's activity.
• Opening its own offices for the purposes of storing, displaying or marketing the goods that it deals with.
• Granting agencies for the purposes of marketing the goods and commodities with which the company deals in accordance with the terms and controls established by it and which serve and achieve the goals of the company.
• The company owns a trademark that it deems appropriate to implement its purposes.
• The works of erecting and installing equipment, machinery, power plants, pumping stations, telephone switches, electrical and sanitary installations, water, sewers, refineries, towers, metal installations and other works that fall within this jurisdiction and were not mentioned above.
• The right to buy, mortgage and establish projects necessary to achieve the above-mentioned purposes for the account of the company and sell them in case there is no need for them.
• Buying and renting various means of transport, machinery, cranes, and auxiliary and complementary tools that fall within the scope of the company's objectives.
• To carry out all transactions and conclude all kinds of contracts and sign them, and to enter into various types of undertakings, tenders and auctions with official and semi-official departments, as well as the public and mixed sector and people of the private sector, whether on their own or for their account in partnership with others or for the account of others and those actions that it deems necessary to implement those purposes and conditions Which it deems appropriate.
• The company has the right to open credits and current accounts with banks to establish, withdraw, accept, or otherwise dispose of commercial papers, negotiable documents, and other securities such as bills of exchange, remittances, lading bonds and others of whatever kind.
• Borrowing from official authorities and banks on the terms it deems appropriate, whether against or without a mortgage of the company's assets.
• To carry out all the legal actions and procedures it deems necessary or appropriate to facilitate the realization of its activity.

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