Regulatory Rules for Family Funds

Release Date:	1444-03-22
Release Tool:	Councils and commissions decisions
Issuance Instrument Number:	q/2022/1/3
Validity:	Valid
Summary:	By AI The Minister of Human Resources and Social Development in Saudi Arabia approved the amendment of the regulatory rules for family funds, based on the decision of the Board of Directors of the National Center for Non-Profit Sector. The new rules will be published in the official gazette and will come into effect after 180 days. The rules include basic definitions, the objectives of the fund, conditions for its establishment, and objection procedures. The founder must be a Saudi national and of ful...

Release Date:

1444-03-22

Release Tool:

Councils and commissions decisions

Issuance Instrument Number:

q/2022/1/3

Validity:

Valid

Summary:

By AI

The Minister of Human Resources and Social Development in Saudi Arabia approved the amendment of the regulatory rules for family funds, based on the decision of the Board of Directors of the National Center for Non-Profit Sector. The new rules will be published in the official gazette and will come into effect after 180 days. The rules include basic definitions, the objectives of the fund, conditions for its establishment, and objection procedures. The founder must be a Saudi national and of ful...