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