02-Jul-2019
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In the first third of this year, the Ministry of Industry, Trade and Supply Department recorded 1830 new companies with a total capital of 62 million dinars.
The recorded investments in the new companies on the services sector amounted to 23.5 million dinars distributed to 604 companies, while investments registered in the agriculture sector amounted to 17.6 million dinars distributed to 216 companies, and the industry sector 9.6 million dinars distributed to 587 companies.
As for the commercial sector, the recorded investments amounted to 5.8 million dinars distributed to 360 companies, and the contracting sector 4.7 million dinars distributed to 63 companies.
The control department registers the various types of companies within the Kingdom, supervises the legal and financial control of them and makes all the amendments and changes that are made to the companies in terms of transfer of ownership, raising capital, and all legal amendments to the contract and the company's system. Meetings of public bodies of public shareholding companies.
The Department also provides the services of registering companies and monitoring them in accordance with a financial and legal control system in order to preserve the rights of the recipients of the service, through working in a team spirit and following the methods of total quality to develop the national economy. The strategic objectives of the Companies Control Department are to improve and develop the business environment Governance rules for small and medium enterprises, developing human resource capabilities and developing a comprehensive information base to support decision-making.
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