نظام الهيئة العامة للأوقاف باللغة الإنجليزية

1. The Authority shall have an independent annual budget whose revenues consist of the following: a) a percentage determined by the Board that does not exceed 10% of the annual net income of endowments under the trusteeship of the Authority; b) revenues received in return for the management of endowments by the Authority, in accordance with the provisions of Article 14 of this Law; c) revenues from activities falling within its scope of business; d) annual government subsidy allocated to the Authority in the State’s budget; e) endowments, grants, donations, bequests, and aid allocated to it. 2. The Authority's funds shall be deposited in separate accounts with the Saudi Arabian Monetary Agency or any licensed Saudi bank and shall be used for expenditure on the Authority and its employees in accordance with the financial regulations approved by the Board. Law of the General Authority of Endowments Without prejudice to the power of the General Auditing Bureau to monitor the accounts of the Authority, the Board shall appoint one (or more) auditors, with a natural or legal personality, licensed to practice in the Kingdom, to audit the accounts of the endowments and the Authority. In case of multiple auditors, they shall be jointly liable for their work before the Board. The report of the auditor(s) shall be submitted to the Board, and a copy thereof shall be submitted to the General Audit Bureau. The Board shall determine the fees of the auditor (s).