Alqanoni

Chambers of Commerce Law

Art. 26
Status unknownSaudi ArabiaRegulation

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

A chamber board of directors may, pursuant to a reasoned decision by the Minister, be dissolved if: 1. the board exceeds the powers granted thereto under this Law; and 2. a dispute between board members disrupts the chamber's work and duties where such dispute cannot be resolved amicably through an ad hoc committee formed by the Board of Directors of the Federation. In all cases, the dissolution decision shall include a call to the chamber general assembly to hold early elections for a new board of directors within a period not exceeding 90 days. The Minister shall appoint an interim board from among the chamber’s subscribers to undertake the board’s duties, pending the election of a new board. Third: Chamber General Secretariat

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

Freshness not yet recorded

Related articles

Citing judgments

No judgments citing this article have been indexed yet.

Amendment timeline

No amendment history recorded.