Category: Ministerial Decision

Capital Market Authority: Decision 2024-87-4 Amending of the Regulation of Financial Market Institutions

Post author By Decree
Post date 11 October 2024

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) Article 77 of the Financial Market Institutions Regulation isued by Council Decision 1-83-2005 dated 21 Jumada Al-Awwal 1426, corresponding to 28 June 2005, amended by Decision 1-101-2023 dated 8 Rabi Al-Thani 1445, corresponding to 23 October 2023 is hereby amended in accordance with the following text:

Without prejudice to the provisions of this chapter, the Capital Market Authority may:

1. Deposit the money of the client in an account that provides returns at a local or foreign bank, and obtain those returns or part of it, provided that the prior written approval of the client is obtained for that, and the conditions stipulated in the Client Money Rules are met.

2. Provide a service to the client through which his money deposited in his investment account is invested and a return is provided on it, provided that the following is met:

(a) Compliance with the requirements of understanding risks and suitability, in accordance with the provisions of these regulations.

(b) Obtain the prior written approval of the client to receive that service and the terms of its provision, including the period within which the client can—upon his request—recover his invested funds.

(c) The investment must be within the Kingdom and in short-term and low-risk products.

It must be effective from the date of its publication.

(b) Announce the content of paragraph (a) of this decision on the websites of the authority and the Saudi Stock Exchange.

Chairman of the Board of the Capital Market Authority
Mohammed bin Abdullah Al-Quweiz

Issued on: 16 Jumada Al-Awwal 1446
Corresponding to: 18 November 2024

Published in Umm Al-Qura 5051 issued on 11 October 2024.

Tags Capital Market Authority

Ministerial Decision

Ministry of Environment, Water, and Agriculture: Decision 15082976 Approving the Controls for the Cultivation of Wheat and Season Fodder

Post author By Decree
Post date 9 October 2024

Arabic

The Minister of Environment, Water, and Agriculture,

based on the powers entrusted to him by law,

based on article 36 of the Agricultural Law issued by Royal Decree D/64 dated 10 Sha’ban 1442 [23 March 2021] approving the Agricultural Law, Ministerial Decision 14967/1/1444 dated 15 Muharram 1444 [13 August 2022] approving the Executive Regulation of the Agricultural Law, and Council of Ministers Decision 439 dated 6 Jumada Al-Thani 1445 [19 December 2023] allowing local agricultural companies and major farmers to cultivate wheat and seasonal fodder in accordance with the controls set by the Ministry of Environment, Water and Agriculture, and in pursuance of public interest,

hereby decides

First

The Controls for the Cultivation of Wheat and Season Fodder are hereby approved in accordance with the form attached.

Second

This decision comes into force on the date of its publication, it must be communicated to those who are required to implement it and act by virtue of it, and it repeals all previous decisions in conflict with it.

May Allah provide success.

Minister of Environment, Water, and Agriculture
Engineer Abdulrahman bin Abdulmohsen Al-Fadley

Issued on: 6 Rabi Al-Thani 1446
Corresponding to: 10 October 2024

Published in Umm Al-Qura 5053 issued on 25 October 2024.

Tags Ministry of Environment‚ Water‚ and Agriculture

Ministerial Decision

Ministry of Transport and Logistic Services: Decision 1/1368 Amending a Paragraph in the Policy for Determining Fares for Using Public Transport in the Kingdom

Post author By Decree
Post date 9 October 2024

Arabic

The Minister of Transport and Logistics Services,

based on the powers entrusted to him by law,

after perusal of the Law on Public Transport on Roads of the Kingdom of Saudi Arabia issued by Royal Decree D/25 dated 21 Jumada Al-Thani 1397 [8 June 1977],

after perusal of the System of the Transport General Authority issued by Council of Ministers Decision 323 dated 14 Ramadan 1434 [22 July 2013] and its amendments,

after perusal of Minister of Transport and Logistics Services Decision 10/41/1 dated 27 Muharram 1441 [26 September 2019] regarding the adoption of the Policy for Determining Fares for Using Public Transport and its amendments,

and after perusal of the Board of Directors of the General Transport Authority Decision 2/TR/2024/4 dated 14 Safar 1446 [18 August 2024],

and in pursuance of public interest,

hereby decides

First

Paragraph 30 of part six of the Policy for Determining Fares for Using Public Transport in the Kingdom is hereby amended to be as follows:

In an effort by the General Transport Authority to achieve the optimal balance between passengers and operators (taxi activity licensees and permittees), a methodology has been developed to approve fares for using taxi services as follows:

First

Review—Approve Methodology:

1․ The Transport General Authority shall prepare a proposal for taxi service fares in accordance with the data, review, and analysis of the fares.

2․ The competent authority (Minister of Transport and Logistics Services) shall approve the fares proposed by the authority.

Second

Review-Approval Methodology of the Mechanism for Determining the Fares for Using Taxi Services Via the Electronic Application:

1․ The establishment operating the application shall propose a mechanism for determining the fares for using taxi services via the application.

2․ The Transport General Authority shall review and approve the mechanism for determining the fares proposed by the establishment operating the application.

Third

Taxi activity licensees and permittees and the establishment operating the electronic application shall follow the approved fares, and they must be published—when updated—to the beneficiaries of the service.

Second

These amendments enter into force from the date of their publication in the Official Gazette.

Third

The President of the Transport General Authority shall take the necessary measures to implement the decision.

May Allah provide success.

Minister of Transport and Logistics Services
Saleh bin Nasser Al-Jasser

Issued on: 6 Rabi Al-Thani 1446
Corresponding to: 10 October 2024

Published in Umm Al-Qura 5054 issued on -1 November 2024.

Tags Ministry of Transport and Logistic Services

Ministerial Decision

Zakat, Tax and Customs Authority: Decision 1446-99-485 Approving the Amendments to Some Articles of the Rules of Customs Procedures

Post author By Decree
Post date 8 October 2024

Arabic

The Governor of the Zakat, Tax, and Customs Authority,

based on the powers entrusted to him by law,

and in pursuance of the interest of work,

after perusal of the Common Customs Law of the States of the Cooperation Council for the Arab States of the Gulf issued by Royal Decree D/41 dated 3 Dhu Al-Qa’dah 1423 [6 January 2003] and its executive regulation, and based on the powers entrusted to the Director General by the Common Customs Law and its executive regulation relating to the issuance of requirements, instructions, and controls for a number of customs procedures, and with the aim of unifying the regulatory reference for these procedures,

after perusal of the Administrative Decision 28624 dated 23 Jumada Al-Awwal 1445 [6 December 2023], Approving the Controls Regulating Customs Procedures,

hereby decides

First

The amendments to some articles of the Rules of Customs Procedures issued in accordance with Administrative Decision 28624 dated 23 Jumada Al-Awwal 1445 [6 December 2023] are hereby approved in the form attached to this decision.

Second

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: 5 Rabi Al-Thani 1446
Corresponding to: 9 October 2024

Published in Umm Al-Qura 5054 issued on 1 November 2024.

Tags Zakat‚ Tax and Customs Authority

Ministerial Decision

Real Estate General Authority: Decision 1/28/B/24 Approving the Technical Guide for Handling Delayed and Stalled Real Estate Projects

Post author By Decree
Post date 29 September 2024

Arabic

The Board of Directors of the Real Estate General Authority,

based on the powers granted to it by law,

after perusal of article 36 of the Executive Regulation of the Law of Selling and Leasing of Off-Plan Real Estate Projects issued by Decision D/B/D/A/8/2024/T of the Board of Directors of the General Authority for Real Estate dated 20 Shawwal 1445 [29 April 2024],

and in pursuance of public interest,

hereby decides

First

The Technical Guide for Handling Delayed and Stalled Real Estate Projects—off-plan sale and lease projects—is hereby approved in the attached form.

Second

This decision must be published in the Official Gazette and communicated to those concerned to implement and act upon it.

May Allah provide success.

Minister of Municipalities and Housing
Chairman of the Board of Directors of the Real Estate General Authority
Majid bin Abdullah Al-Huqail

Issued on: 26 Rabi Al-Awwal 1446
Corresponding to: 30 September 2024

Published in Umm Al-Qura 5055 issued on 8 November 2024.

Tags Real Estate General Authority

Ministerial Decision

Real Estate General Authority: Decision 3/28/B/24 Approving of the Classification Schedule for the Violations of the Law of Selling and Leasing of Off-Plan Real Estate Projects and Its Executive Regulation and the Punishments Prescribed for Them

Post author By Decree
Post date 29 September 2024

Arabic

Issued on: 26 Rabi Al-Awwal 1446
Corresponding to: 30 September 2024

Published in Umm Al-Qura 5055 issued on 8 November 2024.

Tags Real Estate General Authority

Ministerial Decision

Presidency of State Security: Decision 59812 Starting the Procedures for Expropriating the Buildings Adjacent to the Headquarters of the Presidency of State Security Located in Al-Hamra District in Jeddah Governorate

Post author By Decree
Post date 25 September 2024

Arabic

The Head of the Presidency of State Security, based on the powers granted to us, and after perusal of the Law of Expropriating of Real Estate for Public Benefit and Temporary Seizure of Real Estate, issued by Royal Decree D/15 dated 11 Rabi Al-Awwal 1424 [13 May 2003], and its executive regulation, and in pursuance of public interest,

hereby decides

First

The procedures for expropriating the buildings adjacent to the headquarters of the Presidency of State Security located in Al-Hamra District in Jeddah Governorate consisting of 7 residential buildings hereby start for the benefit of the presidency.

Second

The Presidency of State Security shall notify this decision to the relevant entities mentioned in articles 6 and 7 of the expropriation law in order to nominate its representatives within a period not exceeding 15 days in each of the Real Estate Description and Inventory Committee and the Compensation Assessment Committees. The presidency shall call for meetings, prepare minutes, and take the necessary measures for each committee to carry out its tasks.

Third

The presidency shall notify the owners of the rights to the real estate whose ownership has been decided to be expropriated of the compensation assessed for them and shall warn their owners and occupants to vacate them within a period of 30 days from the date of notification of the eviction, in accordance with the provisions of articles 16 and 17 of the law.

Fourth

The presidency shall pay compensation to the rights holders after the real estate has been handed over and documented by a notary public or the court and before it has been vacated in accordance with the decision of the Compensation Assessment Committee after the expropriated property has been vacated, handed over and documented by a notary public in accordance with the provisions of article 17(1) of the law.

Fifth

The concerned parties may appeal to the Board of Grievances against all decisions taken by the committees, within 60 days from the date of notification of the decision, in accordance with article 24 of the law.

Sixth

This decision must be published in the official gazette in accordance with the provisions of article 5(2) of the law.

Seventh

The Presidency of State Security shall follow up on the implementation of this decision and act in accordance with it.

May Allah provide success.

Deputy Head of the Presidency of State Security for Assets and Financial Affairs
Saleh bin Abdullah Al-Dabbasi

Issued on: 22 Rabi Al-Awwal 1446
Corresponding to: 26 September 2024

Published in Umm Al-Qura 5053 issued on 25 October 2024.

Tags Presidency of State Security

Ministerial Decision

Zakat, Tax and Customs Authority: Decision 1446/99/363 Implementing Phase Sixteen of Linking Electronic Invoicing Systems

Post author By Decree
Post date 22 September 2024

Arabic Auto Translate

Issued on: 19 Rabi Al-Awwal 1446
Corresponding to: 23 September 2024

Published in Umm Al-Qura 5050 issued on 4 October 2024.

Tags Zakat‚ Tax and Customs Authority

Ministerial Decision

Ministry of Environment, Water, and Agriculture: Decision 15065837 Approving the Amendment of the Executive Regulation of the Agriculture Law

Post author By Decree
Post date 18 September 2024

Arabic

The Minister of Environment, Water, and Agriculture,

based on the powers granted to him by law and after perusal of Royal Order 32043 dated 5 Jumada Al-Awwal 1444 [29 November 2022], approving that a number of government entities, including this ministry, review the laws, regulations, decisions, and their equivalent, that relate to violations, penalties, fines, assessment and collection mechanisms, and objections, and propose the necessary amendments to them, and referring to the matters presented by the undersecretary of the ministry for agriculture, regarding the draft amendment to the text of article 1 of the Executive Regulation of the Agriculture Law, issued by Ministerial Decision 14967 /‏ 1 ‏/ 1444 dated 15 Muharram 1444 [13 August 2022], by adding the definition of “serious violation”, and as required by the interest of work,

hereby decides

First

The amendment to the Executive Regulation of the Agriculture Law is hereby approved by adding the definition of “serious violation” to article 1 of the Executive Regulation of the Agriculture Law as follows:

Serious violation: Actions mentioned in article 28 of the law and actions relating to fraud and deception or those that result in serious harm to humans, animals, plants, public health, the environment, or the public utilities.

Second

This decision comes into force on the date of its publication in the Official Gazette, and must be communicated to those concerned to implement and act upon it.