after perusal of Royal Court File 5096 dated 27 Muharram 1442 [15 September 2020], which includes the Governor of the Public Investment Fund Letter 3037 dated 10 Jumada Al-Thani 1441 [4 February 2020] regarding the request to amend article 24 of the law of the fund,
after perusal of the Law of the Public Investment Fund issued by Royal Decree D/92 dated 12 Sha’ban 1440 [17 April 2019],
after perusal of Bureau of Experts at the Council of Ministers Memorandum 1017 dated 17 Dhu Al-Qa’dah 1441 [8 July 2020],
after perusal of Council of Economic and Development Affairs Recommendation 14-42/41/I dated 2 Dhu Al-Hijja 1441 [23 July 2020],
after considering Shura Council Decision 315-54 dated 26 Muharram 1442 [14 September 2020],
and after perusal of General Committee of the Council of Ministers Recommendation 1209 dated 24 Safar 1442 [11 October 2020],
hereby decides
The amendment of the preamble of article 24 of the Law of the Public Investment Fund issued by Royal Decree D/92 dated 12 Sha’ban 1440 [17 April 2019] is hereby approved by replacing the phrase “within 210 days from the end of the financial year of the fund” with the phrase “within 150 days from the end of the financial year of the fund.”
A draft royal decree has been prepared in the form attached.
The Prime Minister
Issued on: 26 Safar 1442
Corresponding to: 14 October 2020
Published in Umm Al-Qura 4854 issued on 23 October 2020.