Law of Collective Real Estate Investment Schemes
Art. 33Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
A committee or more shall, pursuant to a decision by the CEO, be formed consisting of not less
than three members, including a Sharia or legal advisor; one of the members shall be named the
chairman. Such committee(s) shall review the violations and impose the penalties stipulated in
Article 32 of this Law, according to the type, gravity, and impact of the violation. The committee's
decisions shall be approved by the CEO or his designee. The CEO shall issue the committee’s
procedures and determine the remuneration of its members.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
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