With the help of Allah the Almighty,
We, Salman bin Abdulaziz Al-Saud,
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 [1 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 [20 August 1993],
based on article 18 of the Law of the Shura Council issued by Royal Order O/91 dated 27 Sha’ban 1412 [1 March 1992],
after perusal of Shura Council Decision 315-54 dated 26 Muharram 1442 [14 September 2020],
and after perusal of Council of Ministers Decision 141 dated 26 Safar 1442 [13 October 2020],
have decreed as follows
First
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.”
Second
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: 28 Safar 1442
Corresponding to: 16 October 2020
Published in Umm Al-Qura 4854 issued on 23 October 2020.