Author: [email protected]

Council of Ministers: Decision 391 Approving the Convention on the Regulation of Transit Traffic among the Arab League States (Amended)

Post author By [email protected]
Post date 3 January 2023

The Council of Ministers,

after perusal of its session held under the chairmanship of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al-Saud, Royal Court File 26583 dated 13 Rabi Al-Thani 1444 [8 November 2022], which includes the Minister of Finance, Chairman of the Board of Directors of the Zakat, Tax, and Customs Authority Letter 7179 dated 18 Sha’ban 1443 [22 March 2022], regarding the draft Convention on the Regulation of Transit Traffic among the Arab League States (amended),

after perusal of the aforementioned draft agreement,

after perusal of the Convention on the Regulation of Transit Traffic among the Arab League States approved by Royal Decree D/5 dated 2 Safar 1399 [2 January 1979],

after perusal of Royal Order 4354 dated 27 Muharram 1439 [18 October 2017],

after perusal of Bureau of Experts at the Council of Ministers Memorandum 528 dated 22 Safar 1444 [19 September 2022],

after considering Shura Council Decision 38/7 dated 6 Rabi Al-Thani 1444 [1 November 2022],

and after perusal of the General Committee of the Council of Ministers Recommendation 4955 dated 16 Jumada Al-Awwal 1444 [10 December 2022]

hereby decides

First

The Convention on the Regulation of Transit Traffic among the Arab States (Amended) is hereby approved in the form attached.

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

Salman bin Abdulaziz Al-Saud

Issued on: 10/6/1444
Corresponding to: 3/1/2023

Published in Umm Al-Qura 4968 issued on 3 February 2023.

Ministerial Decision

Ministry of Industry and Mineral Resources: Decision 3293/1/1444 Approving the Amendment to the Executive Regulation of the Mining Investment Law

Post author By [email protected]
Post date 29 December 2022

Arabic Auto Translate

Issued on: 5/6/1444
Corresponding to: 29/12/2022

Published in Umm Al-Qura 4969 issued on 10 February 2023.

Tags Ministry of Industry and Mineral Resources

Ministerial Decision

Ministry of Energy: Decision 1925/440201 Licensing the Saline Water Conversion Corporation to Build, Own and Operate a Dry Gas Pipeline

Post author By [email protected]
Post date 29 December 2022

Arabic

The Minister of Energy,

based on the powers entrusted to him by law,

after perusal of article 2 of the Gas Supply and Pricing Law issued by Royal Decree D/36 of 25 Jumada Al-Thani 1424 [23 August 2003], and article 3 of the executive regulation of the law,

hereby decides

First

The Saline Water Conversion Corporation is hereby licensed to build, own, and operate a dry gas pipeline in accordance with annex 1 to this decision, provided that the corporation complies with the terms and conditions of the licence set out in annex 2.

Second

The duration of the licence is 25 (twenty-five) Hijri years from the date of publication of this decision.

Third

This decision comes into force on the date of its publication, and it repeals all decisions in conflict with it.

Fourth

This decision must be communicated to those who are required to implement it and act on it.

Fifth

This decision must be published in the official gazette.

Minister of Energy
Abdulaziz bin Salman bin Abdulaziz

Issued on: 5/6/1444
Corresponding to: 29/12/2022

Published in Umm Al-Qura 4969 issued on 10 February 2023.

Tags Ministry of Energy

Laws and Regulations

The Amended Financial Sufficiency Rules

Post author By [email protected]
Post date 28 December 2022

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Ministerial Decision

Capital Market Authority: Decision 2022/129/1 Adopting the Amended Financial Sufficiency Rules

Post author By [email protected]
Post date 28 December 2022

Arabic

The Board of the Capital Market Authority,

based on the Capital Market Law issued by Royal Decree D/30 dated 2 Jumada Al-Thani 1424 [1 August 2003],

hereby decides

(a) The Financial Sufficiency Rules are hereby amended in accordance with the form attached, and it comes into force as of 10 Ramadan 1444 corresponding to 1 April 2023.

(b) Subject to the provisions of paragraph (c) of this decision, the Financial Sufficiency Rules issued by Council Decision 1-40-2012 dated 17 Safar 1434 corresponding to 30 December 2012 continue to apply until the date of entry into force of the Financial Sufficiency Rules amended in accordance with paragraph (a) of this decision.

(c) Exempting capital market institutions from applying the provisions of articles 66, 68, and 69, and requiring the preparation of a report by the external audit office on the validity of calculating the minimum capital requirements stipulated in 74(b) of the Financial Sufficiency Rules issued by board Decision 1-40-2012 dated 17 Safar 1434 corresponding to 30 December 2012.

(d) The content of paragraphs (a), (b), and (c) of this decision must be announced on the electronic websites of the authority and the Saudi Exchange Company.

The Board of the Capital Market Authority,
Member of the Board of the Capital Market Authority
Khalid bin Mohammed Al-Solai

Member of the Board of the Capital Market Authority
Khaled bin Abdulaziz Al-Homoud

Member of the Board of the Capital Market Authority
Ahmed bin Rajeh Al Rajeh

Vice Chairman of the Board of the Capital Market Authority
Youssef bin Hamad Al-Bilihid

Issued on: 4/6/1444
Corresponding to: 28/12/2022

Published in Umm Al-Qura 4973 issued on 10 March 2023.