Chambers of Commerce Law
Art. 14Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
A chamber board of directors shall hold its first meeting within the period
specified by the Regulations to select its chairman as well as his first and
second deputies from among board members. Elections shall be held by secret
ballot for each position separately. The member obtaining the absolute majority
vote of attending members shall be selected. In the absence of such majority,
a second round of voting shall be carried out immediately. In case of a tie in the
second round of voting, a draw shall be held between the members who
received an equal number of votes; such draw may be held in the presence of
a representative from the Ministry.
Chambers of Commerce Law
The Arabic text is the legally binding version. The English translation is provided for guidance only.
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