The Board of Directors of King Abdulaziz Arabian Horses Center reviewed the Council of Ministers Decision No. (153) issued on 17/3/1439 AH, approving the Center's Statute, and the provisions of paragraph (5) of Article (5) of the same Statute, which stipulate that the Center's Board of Directors shall approve the administrative and financial regulations governing the Center, as well as other internal and technical regulations and procedures necessary for managing its affairs and work, including those required for the registration, import, and export of purebred Arabian horses, their stables, auctions, equestrian sports related thereto, and also those necessary for the sale of the Center's purebred Arabian horses and the disposal of any surplus.
The Board also reviewed the proposed regulatory bylaw for the disposal of horses owned by King Abdulaziz Arabian Horses Center, submitted by the Executive Administration.
Accordingly, the Board resolved the following:
First: To approve the proposed regulatory bylaw for the disposal of horses owned by King Abdulaziz Arabian Horses Center in the proposed form.
And Allah is the Grantor of success.
