Author: Decree

Arabic

The Council of Ministers,

after perusal in its session held under the chairmanship of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al-Saud, of Royal Court File 31092 dated 17 Rabi Al-Thani 1447 [9 October 2025], informing of the noble directive to complete matters necessary to amend article 8 of the Statute of the National Development Fund,

after perusal of the Statute of the National Development Fund issued by Council of Ministers Decision 132 dated 3 Rabi Al-Awwal 1439 [21 November 2017],

after perusal of Bureau of Experts at the Council of Ministers Memorandum 1468 dated 20 Rabi Al-Thani 1447 [12 October 2025],

after perusal of Council of Economic and Development Affairs Minutes 686/47/M dated 20 Rabi Al-Thani 1447 [12 October 2025],

and after perusal of General Committee of the Council of Ministers Recommendation 4246 dated 21 Rabi Al-Thani 1447 [13 October 2025],

hereby decides

First

The Statute of the National Development Fund issued by Council of Ministers Decision 132 dated 3 Rabi Al-Awwal 1439 [21 November 2017] is hereby amended as follows:

1․ Article 8 is hereby amended by replacing the phrase “The fund must have a governor who is appointed to his position and relieved from it by a decision by the board. The decision appointing him must determine his remuneration and other financial benefits” at the beginning of the article with the phrase “The fund must have a governor appointed by a royal order.”

2․ Article 11 is hereby amended to read as follows: “The fund personnel—except the governor—are subject to the Labor Law and the Social Insurance Law.”

Second

The current Governor of the National Development Fund continues in his position in accordance with his contract and shall carry out the tasks and powers of the governor stipulated in article 8 of the statute, until the appointment of a governor of the fund in accordance with the provisions of that article, and without prejudice to the powers of the board of directors of the fund to terminate the contract, in accordance with the relevant legal provisions.

Salman bin Abdulaziz Al-Saud

Issued on: 22 Rabi Al-Thani 1447
Corresponding to: 14 October 2025

Published in Umm Al-Qura 5115 issued on 18 October 2025.

Arabic Auto Translate

Issued on: 22 Rabi Al-Thani 1447
Corresponding to: 14 October 2025

Published in Umm Al-Qura 5118 issued on 31 October 2025.