Arab Finance: The Egyptian Transport and Commercial Services Company’s (EGYtrans) board has approved the establishment of a limited liability company in Saudi Arabia before the end of the first quarter (Q1) of 2024, in partnership with Link Investments, as per a filing.

The new company will have a total capital of SAR 10 million, in which both partners to own equal shares of 50% each.

The company will be set up with an initial capital of SAR 500,000.

EGYtrans is an Egypt-based company engaged in international sea, air, and land transportation services.

The company offers a wide range of services such as import and export, general cargo handling, dry cargo handling, customs clearance, warehousing, packing, and specialized transportation.

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