Alqanoni

Chambers of Commerce Law

Art. 11
Status unknownSaudi ArabiaRegulation

Issued by Ministry of Investment (misa.gov.sa)

1. A chamber board of directors shall be formed every four years, and the number of members shall be determined pursuant to a decision by the Minister, provided it does not exceed 18 members. Chambers of Commerce Law 2. If the term of the board of directors expires without holding elections, or without completing the elections and appointing a new board of directors, the Minister may extend the term of the previous board of directors for a period of 180 days, renewable once for a similar period. 3. The Minister shall appoint one-third of the members of the chamber board of directors, unless he specifies a higher percentage in accordance with Article 9(1) of this Law.

The Arabic text is the legally binding version. The English translation is provided for guidance only.

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