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Ministerial Decision

National Center for Non-Profit Sector: Decision D/3/11/2024 Approving the Rules Governing Civil Funds

Arabic

The Minister of Human Resources and Social Development, Chairman of the Board of Directors of the National Center for Non-Profit Sector,

based on the powers entrusted to him by law,

based on the Law of Civil Associations and Institutions issued by Royal Decree D/8 dated 19 Safar 1437 [2 December 2015],

based on the System of the Center issued by Council of Ministers Decision 816 dated 20 Shawwal 1442 [1 June 2021],

and based on the Executive Regulation of the Law of Civil Associations and Institutions issued by the Board of Directors of the National Center for Non-Profit Sector Decision D/2/1/2022 dated 22 Rabi Al-Awwal 1444 [18 October 2022], as amended by Decision D/2/2023 dated 10 Jumada Al-Thani 1444 [3 January 2023],

and in pursuance of public interest,

hereby decides

First

The Rules Governing Civil Funds are hereby approved in the form attached.

Second

The rules must be published in the official gazette, and come into force 30 days after the date of their issuance.

May Allah provide success.

The Minister of Human Resources and Social Development
Chairman of the Board of Directors of the National Center for Non-Profit Sector
Engineer Ahmad bin Suleiman Al-Rajhi

Issued on: 15 Muharram 1446
Corresponding to: 22 July 2024

Published in Umm Al-Qura 5042 issued on 9 August 2024.

Categories
Laws and Regulations

The Rules Governing Civil Funds

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Royal Decree

Royal Decree D/14 Approving a General Cooperation Agreement between the Governments of Saudi and Sierra Leone

Arabic

With the help of Allah the Almighty

We, Salman bin Abdulaziz Al-Saud, the King of the Kingdom of Saudi Arabia, based on Article 70 of the Basic Law of Governance issued by Royal Order O/ 90 dated 27 Sha’ban 1412 [2 March 1992],

based on article 20 of the Law of the Council of Ministers issued by Royal Order O/13 dated 3 Rabi Al-Awwal 1414 [21 August 1993],

based on article 18 of the Law of the Shura Council issued by Royal Order O/91 dated 27 Sha’ban 1412 [2 March 1992],

after perusal of Shura Council Decision 270/26 dated 14 Shawwal 1445 [23 April 2024],

and after perusal of Council of Ministers Decision 25 dated 10 Muharram 1446 [14 September 2024],

have decreed as follows

First

The General Agreement on Cooperation between the Government of the Kingdom of Saudi Arabia and the Government of the Republic of Sierra Leone signed in the city of Riyadh on 26 Rabi Al-Thani 1445, corresponding to 10 November 2023, is hereby approved in the form attached.

Second

The Memorandum of Understanding on Political Consultations between the Ministry of Foreign Affairs of the Kingdom of Saudi Arabia and the Ministry of Foreign Affairs and International Cooperation of the Republic of Sierra Leone signed in the city of Riyadh on 26 Rabi Al-Thani 1445, corresponding to 10 November 2023, is hereby approved in the form attached.

Third

His Royal Highness the Prime Minister, the ministers, and the heads of independent concerned authorities—each within their area of competence—shall implement this decree of Ours.

Salman bin Abdulaziz Al-Saud

Issued on: 16 Muharram 1446
Corresponding to: 22 July 2024

Published in Umm Al-Qura 5041 issued on 2 August 2024.

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Laws and Regulations

General Cooperation Agreement between the Government of Saudi Arabia and the Government of Sierra Leone

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Ministerial Decision

Saudi Authority for Accredited Valuers: Decision 525 Approving the Rules Governing the Provision of Real Estate Valuation Services to Financing Entities

Arabic

The Chief Executive Officer of the Saudi Authority for Accredited Valuers,

after perusal of article 28(16) of the Law of Accredited Valuers issued by Royal Decree D/43 dated 9 Rajab 1433 [11 February 2022], which includes the authorization of the board of directors of the authority to issue decisions and rules relating to the profession,

and after perusal of article 8(11) of the Powers of the Saudi Authority for Accredited Valuers Regulation issued by the board of directors of the authority decision 3/B/23 dated 6 Muharram 1445 [24 July 2023], which includes the authorizaton of the chief executive officer of the authority to issue decisions and rules relating to the profession,

hereby decides

First

The Rules Governing the Provision of Real Estate Valuation Services to Financing Entities are hereby approved.

Second

The rules must be published in the official gazette, and come into force from 1 November 2024. They repeal any decisions in conflict with them.

Engineer Faisal bin Bader Al-Mandeel
Chief Executive Officer

Issued on: 15 Muharram 1446
Corresponding to: 21 July 2024

Published in Umm Al-Qura 5041 issued on 2 August 2024.

Categories
Laws and Regulations

Rules Governing the Provision of Real Estate Valuation Services to Financing Entities

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Ministerial Decision

Water and Electricity Regulatory Authority: Decision 15011843 Approving the Rules and Procedures for the Work of the Committees for Examining Violations of the Provisions of the Environment Law and Its Executive Regulations

Arabic Auto Translate

Issued on: 14 Muharram 1446
Corresponding to: 20 July 2024

Published in Umm Al-Qura 5040 issued on 26 July 2024.

Categories
Laws and Regulations

The Rules and Procedures for the Work of the Committees for Examining Violations of the Provisions of the Environment Law and Its Executive Regulations

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Laws and Regulations

Amending the Name of the Ministry of Municipal and Rural Affairs and Housing

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Council of Ministers Decision

Council of Ministers: Decision 40 Approving the Investment Law

Arabic

The Council of Ministers,

after perusal of the Royal Court File 79088 dated 3 Dhu Al-Qa’dah 1445 [11 May 2024], which includes Minister of Investment Telegram 392 dated 17 Muharram 1444 [15 August 2022], regarding the draft Investment Law,

after perusal of the aforementioned draft law,

after perusal of the Foreign Investment Law, issued by Royal Decree D/1 dated 5 Muharram 1421 [10 April 2000],

after perusal of the System of the Saudi Center for Economic Affairs issued by Council of Ministers Decision 456 dated 11 Sha’ban 1440 [17 April 2019],

after perusal of Council of Ministers Decision 83 dated 30 Muharram 1443 [7 September 2021],

after perusal of the National Investment Strategy approved by Council of Ministers Decision 134 dated 28 Safar 1443 [6 October 2021],

after perusal of Bureau of Experts at the Council of Ministers Minutes 202 dated 26 Jumada Al-Thani 1444 [19 January 2023] and Memorandums 3676 dated 26 Dhu Al-Qa’dah 1444 [15 June 2023], 1622 dated 8 Jumada Al-Awwal 1445 [21 November 2023], 2113 dated 12 Jumada Al-Thani 1445 [25 December 2023], and 3229 dated 7 Ramadan 1445 [17 March 2024],

after perusal of the Council of Economic and Development Affairs Recommendation 2-8/45/R dated 15 Jumada Al-Thani 1445 [28 December 2023],

after considering Shura Council Decision 287/27 dated 27 Shawwal 1445 [6 May 2024],

and after perusal of the General Committee of the Council of Ministers Recommendation 12210 dated 24 Dhu Al-Qa’dah 1445 [1 June 2024],

hereby decides

First

The Investment Law is hereby approved in the form attached.

Second

The law—referred to in Clause First of this decision—does not prejudice any rights acquired by any investor prior to its entry into force, including any licenses or incentives granted to him, until the expiry of the terms of those rights.

Third

As an exception to the provisions of article 1 of the Law—referred to in Clause First of this decision—the competent entity stipulated in article 8 means the Permanent Ministerial Committee for the Examination of Foreign Investment formed in Clause First of Council of Ministers Decision 83 dated 30 Muharram 1443 [8 September 2021].

Fourth

The Ministry of Investment shall prepare the regulations stipulated in article 15 of the law—referred to in Clause First of this decision—after coordination with the relevant entities. The Ministry of Energy shall participate in preparing the provisions related to article 6 and article 17(3) and (4) of the law.

A draft royal decree has been prepared in the form attached.

Fifth

The Ministry of Investment shall exercise its competences stipulated in paragraph 4 of article 7 of the Law—referred to in clause First of this decision—in a manner that does not conflict with article 4 of the System of the Saudi Center for Economic Business, issued by Council of Ministers Decision 456 dated 11 Sha’ban 1440 [17 April 2019]. The Ministry shall agree with the Center regarding the establishment or operation of spatial centers to serve the business sector in a manner consistent with the gracious directive communicated in Royal Court File 35629 dated 19 Jumada Al-Awwal 1444 [13 December 2022].

The Prime Minister

Issued on: 10 Muharram 1446
Corresponding to: 17 July 2024

Published in Umm Al-Qura 5043 issued on 16 August 2024.

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