Arabian Aramco Total Services to set up CSR entity

02/08/2015 Argaam

Arabian Aramco Total Services Co. will set up a new company to engage in corporate social responsibility and implement a program aimed at assisting small and medium enterprises, the company said in a statement to Tadawul.

 

The new company will be a subsidiary of Saudi Aramco Total Refining and Petrochemical Co. (SATORP), the major shareholder of Arabian Aramco Total Services.

 

 SATORP will finance the new entity with $10 million per year for ten years, in addition to giving administrative assistance.

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