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 [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 1/1 dated 5 Rabi Al-Awwal 1443 [11 October 2021],
and after perusal of Council of Ministers Decision 215 dated 11 Rabi Al-Thani 1443 [16 November 2021],
have decreed as follows
First
Government agencies are hereby allowed to use income sharing as a contracting method for securing goods and services, and the Minister of Finance is hereby granted the authority to approve the rules of income sharing.
Second
The Minister of Finance is hereby granted the authority to exempt from the provisions of the Government Tenders and Procurement Law issued by Royal Decree D/128 dated 13 Dhu Al-Qa’dah 1440 [16 July 2019], which cannot be applied when applying the rules referred to in clause First of this decree, for a period not exceeding three years.
Third
His Royal Highness the Deputy Prime Minister, the ministers, and the heads of independent concerned authorities—each within their area of mandate—shall implement this decree of Ours.
Salman bin Abdulaziz Al-Saud
Issued on: 13 Rabi Al-Thani 1443
Corresponding to: 19 November 2021
Published in Umm Al-Qura 4910 issued on 26 November 2021.