Minister of Commerce and Industry Abdullah Ahmad Zaynal Ali Reza has approved the establishment of Jawa Technological Company as a limited stock company. The capital of the new Riyadh-based company, which amounts to SR 40 million, will be split into four million shares, and the nominal value of each share amounts to SR 10. The company will be concerned with internet services as well as services of computer sets and other related activities. The establishment of the company comes within the framework of the state's policy which aims at broadening the economic base and diversifying sources of national income in addition to encouraging the private sector to positively contribute to the acceleration of the wheel of the economic development in the country.
