Author: Decree
The Chief Executive Officer of the Saudi Authority for Accredited Valuers,
after perusal of article 28(16) of the Law of Accredited Valuers issued by Royal Decree D/43 dated 9 Rajab 1433 [11 February 2022], which includes the authorization of the board of directors of the authority to issue decisions and rules relating to the profession,
and after perusal of article 8(11) of the Powers of the Saudi Authority for Accredited Valuers Regulation issued by the board of directors of the authority decision 3/B/23 dated 6 Muharram 1445 [24 July 2023], which includes the authorizaton of the chief executive officer of the authority to issue decisions and rules relating to the profession,
hereby decides
First
The Rules Governing the Provision of Real Estate Valuation Services to Financing Entities are hereby approved.
Second
The rules must be published in the official gazette, and come into force from 1 November 2024. They repeal any decisions in conflict with them.
Engineer Faisal bin Bader Al-Mandeel
Chief Executive Officer
Issued on: 15 Muharram 1446
Corresponding to: 21 July 2024
Published in Umm Al-Qura 5041 issued on 2 August 2024.
Issued on: 14 Muharram 1446
Corresponding to: 20 July 2024
Published in Umm Al-Qura 5040 issued on 26 July 2024.
The Council of Ministers,
after perusal of the Royal Court File 79088 dated 3 Dhu Al-Qa’dah 1445 [11 May 2024], which includes Minister of Investment Telegram 392 dated 17 Muharram 1444 [15 August 2022], regarding the draft Investment Law,
after perusal of the aforementioned draft law,
after perusal of the Foreign Investment Law, issued by Royal Decree D/1 dated 5 Muharram 1421 [10 April 2000],
after perusal of the System of the Saudi Center for Economic Affairs issued by Council of Ministers Decision 456 dated 11 Sha’ban 1440 [17 April 2019],
after perusal of Council of Ministers Decision 83 dated 30 Muharram 1443 [7 September 2021],
after perusal of the National Investment Strategy approved by Council of Ministers Decision 134 dated 28 Safar 1443 [6 October 2021],
after perusal of Bureau of Experts at the Council of Ministers Minutes 202 dated 26 Jumada Al-Thani 1444 [19 January 2023] and Memorandums 3676 dated 26 Dhu Al-Qa’dah 1444 [15 June 2023], 1622 dated 8 Jumada Al-Awwal 1445 [21 November 2023], 2113 dated 12 Jumada Al-Thani 1445 [25 December 2023], and 3229 dated 7 Ramadan 1445 [17 March 2024],
after perusal of the Council of Economic and Development Affairs Recommendation 2-8/45/R dated 15 Jumada Al-Thani 1445 [28 December 2023],
after considering Shura Council Decision 287/27 dated 27 Shawwal 1445 [6 May 2024],
and after perusal of the General Committee of the Council of Ministers Recommendation 12210 dated 24 Dhu Al-Qa’dah 1445 [1 June 2024],
hereby decides
First
The Investment Law is hereby approved in the form attached.
Second
The law—referred to in Clause First of this decision—does not prejudice any rights acquired by any investor prior to its entry into force, including any licenses or incentives granted to him, until the expiry of the terms of those rights.
Third
As an exception to the provisions of article 1 of the Law—referred to in Clause First of this decision—the competent entity stipulated in article 8 means the Permanent Ministerial Committee for the Examination of Foreign Investment formed in Clause First of Council of Ministers Decision 83 dated 30 Muharram 1443 [8 September 2021].
Fourth
The Ministry of Investment shall prepare the regulations stipulated in article 15 of the law—referred to in Clause First of this decision—after coordination with the relevant entities. The Ministry of Energy shall participate in preparing the provisions related to article 6 and article 17(3) and (4) of the law.
A draft royal decree has been prepared in the form attached.
Fifth
The Ministry of Investment shall exercise its competences stipulated in paragraph 4 of article 7 of the Law—referred to in clause First of this decision—in a manner that does not conflict with article 4 of the System of the Saudi Center for Economic Business, issued by Council of Ministers Decision 456 dated 11 Sha’ban 1440 [17 April 2019]. The Ministry shall agree with the Center regarding the establishment or operation of spatial centers to serve the business sector in a manner consistent with the gracious directive communicated in Royal Court File 35629 dated 19 Jumada Al-Awwal 1444 [13 December 2022].
The Prime Minister
Issued on: 10 Muharram 1446
Corresponding to: 17 July 2024
Published in Umm Al-Qura 5043 issued on 16 August 2024.
The Governor of the Zakat, Tax, and Customs Authority,
based on the powers entrusted to him by law,
after perusal of the Electronic Invoicing Regulation issued by the board of directors of the authority Decision 2-6-20 dated 4 Rabi Al-Thani 1442 [20 November 2020], based on article 6(a) of the aforementioned regulation, and after perusal of Administrative Decision 19821 dated 15 Shawwal 1442 [27 May 2021], and its amendments, which includes the approval of the controls, requirements, technical specifications, and procedural rules necessary to implement the provisions of the Electronic Invoicing Regulation,
hereby decides
First
Taking into account the provisions of the commitment decisions to link the electronic invoicing systems previously issued by the authority, all persons subject to the electronic invoicing regulation whose annual revenues subject to value-added tax for the year 2022 or for the year 2023 exceed 5,000,000 (five million) Riyals shall commit to linking their electronic invoicing systems, sending electronic invoices and electronic notices, and sharing their data with the authority—the fourteenth stage of linking electronic invoicing systems with the systems of the authority—as of 1 February 2025, and until the latest of 30 April 2025.
Second
The authority shall notify persons who meet the criteria stipulated in this decision using the means of communication approved by the authority within the specified time period.
Third
This decision must be communicated to those required to implement it, and comes into force on the date of its publication in the official gazette.
May Allah provide success.
Governor Suhail bin Mohammed Abanmi
Issued on: 11 Muharram 1446
Corresponding to: 17 July 2024
Published in Umm Al-Qura 5040 issued on 26 July 2024.
The Council of Ministers,
after perusal of the Royal Court File 60731 dated 19 Sha’ban 1445 [29 February 2024], which includes Chairman of the Board of Directors of the Nuclear and Radiological Regulatory Authority Telegram 3098 dated 13 Sha’ban 1445 [23 February 2024], regarding the request to amend paragraph 6 of article 6 of the System of the Nuclear and Radiological Regulatory Authority,
after perusal of the System of the Nuclear and Radiological Control Authority issued by Council of Ministers Decision 334 of 25 Jumada Al-Thani 1439 [13 March 2018],
after perusal of the Bureau of Experts at the Council of Ministers Memorandum 3353 dated 15 Ramadan 1445 [25 March 2024],
after perusal of the Council of Economic and Development Affairs Minutes 1942/45/M dated 16 Shawwal 1445 [24 April 2024],
and after perusal of the General Committee of the Council of Ministers Recommendation 12176 dated 24 Dhu Al-Qa’dah 1445 [31 May 2024],
hereby decides
Article 6(6) of the System of the Nuclear and Radiological Control Authority issued by Council of Ministers Decision 334 dated 25 Jumada Al-Awwal 1439 [13 March 2018], is hereby amended to read as follows: “Approving the structure and organizational guide of the authority.”
The Prime Minister
Issued on: 10 Muharram 1446
Corresponding to: 16 July 2024
Published in Umm Al-Qura 5040 issued on 26 July 2024.
The Council of Ministers,
after perusal of Royal Court File 75444 dated 19 Shawwal 1445 [28 April 2024], which includes the Minister of Foreign Affairs Telegram 135644 dated 2 Jumada Al-Awwal 1445 [15 November 2023], regarding the final signed version of a draft General Cooperation Agreement between the Government of the Kingdom of Saudi Arabia and the Government of the Republic of Sierra Leone, and the final signed version of a draft Memorandum of Understanding regarding Political Consultations between the Ministry of Foreign Affairs of the Kingdom of Saudi Arabia and the Ministry of Foreign Affairs and International Cooperation of the Republic of Sierra Leone,
after perusal of the aforementioned final copies,
after perusal of the Bureau of Experts at the Council of Ministers Memorandum 3080 dated 24 Sha’ban 1445 [5 March 2024],
after considering Shura Council Decision 270/26 dated 14 Shawwal 1445 [23 April 2024],
and after perusal of the General Committee of the Council of Ministers Recommendation 12190 dated 24 Dhu Al-Qa’dah 1445 [1 June 2024],
hereby decides
First
The General Agreement on Cooperation between the Government of the Kingdom of Saudi Arabia and the Government of the Republic of Sierra Leone signed in the city of Riyadh on 26 Rabi Al-Thani 1445, corresponding to 10 November 2023, is hereby approved in the form attached.
Second
The Memorandum of Understanding on Political Consultations between the Ministry of Foreign Affairs of the Kingdom of Saudi Arabia and the Ministry of Foreign Affairs and International Cooperation of the Republic of Sierra Leone signed in the city of Riyadh on 26 Rabi Al-Thani 1445, corresponding to 10 November 2023, is hereby approved in the form attached.
A draft royal decree has been prepared in the form attached.
The Prime Minister
Issued on: 10 Muharram 1446
Corresponding to: 16 July 2024
Published in Umm Al-Qura 5041 issued on 2 August 2024.
Issued on: 9 Muharram 1446
Corresponding to: 15 July 2024
Published in Umm Al-Qura 5040 issued on 26 July 2024.