Alqanoni

Chambers of Commerce Law

Art. 9
Status unknownSaudi ArabiaRegulation

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

A chamber general assembly shall have the following powers: 1. Electing two-thirds of the members of the board of directors; the Minister may, in certain cases, approve the election of half of the members of the board of directors. 2. Discussing and approving the chamber’s annual report, financial position, draft budget, and final accounts for the ending fiscal year, and providing the Ministry with a copy thereof. 3. Reviewing subscribers' suggestions. 4. Approving the chamber’s internal regulations, including administrative and financial regulations, and regulations relating to chamber employees, governance, as well as training and scholarship programs, in accordance with relevant laws.

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

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