The Capital Market Law
Art. FourteenStatus unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
The Authority shall have a separate annual budget that will be submitted to the
Minister of Finance and will be approved in accordance with applicable
regulations. Surplus funds collected by the Authority under Article 13 of this Law
and under the provisions, rules and instructions issued thereunder, shall be
remitted to the Ministry of Finance after deducting all current and capital
expenses and other expenses needed by the Authority. The Authority shall
maintain a general reserve equal to double of its expenditures as reported in its
preceding annual budget.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
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