Alqanoni

Chambers of Commerce Law

Art. 12
Status unknownSaudi ArabiaRegulation

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

1. The Regulations shall determine the procedures for nomination and election, including rules for individual and group elections; procedures for balloting, objections, and appeals; and procedures for forming committees to supervise elections and review objections and appeals. Election results shall be approved pursuant to a decision by the Minister. 2. A commercial establishment may not have more than one member in a chamber board of directors. 3. A member of a chamber board of directors shall not be entitled to any remuneration for board membership or attendance of board meetings or committees or to any transportation or travel allowance. 4. A member may not be nominated for more than two consecutive terms; a board membership term shall be deemed full if its duration exceeds two years.

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

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