The Minister of Commerce and Industry, Dr. Tawfiq bin Fawzan Al-Rabiah, has approved the establishment of Riyadh-based East Asia Company for Agricultural Investment as a closed joint stock company with a capital of SR 100 million. The capital is divided into 10 million shares with SR 10 as a nominal value per share. The founders have subscribed to all shares of the company. The Minister's approval came within the framework of the State's policy to enhance economic activities in various sectors.