The Council is the supreme authority in the entity, responsible for overseeing it and managing its affairs. It has the authority to take the necessary decisions and procedures to achieve the objectives for which it was established, in accordance with the provisions of this law and the regulations issued thereunder. Specifically, it has the following powers:
1- Approving the general policies related to the activities of the entity, and the plans and programs necessary for their implementation.
2- Approving the draft organizational structure of the entity and submitting it to complete the legal procedures for its approval.
3- Issuing the administrative and financial regulations that govern the entity in agreement with the Ministry of Finance and the Ministry of Civil Service, as well as other internal regulations.
4- Approving the draft annual budget of the entity, its final account, and its annual report, and submitting these in accordance with the applicable legal procedures.
5- Appointing an external certified auditor and an internal financial controller.
6- Reviewing the periodic reports submitted regarding the progress of work in the entity and its financial position.
7- Approving the establishment of branches and offices to achieve the entity's objectives domestically and internationally, in accordance with the regulations.
8- Approving the purchase, sale, and investment of real estate.
9- Approving the conclusion of contracts and agreements, and authorizing the head of the entity to sign them.
10- Approving the establishment of companies and agencies by the entity that perform activities related to its nature of work or contribute to their establishment, in accordance with the regulations and in agreement with the Ministry of Finance.
11- Determining the financial compensation for the services provided by the entity.
The Council may delegate its chairman, vice-chairman, or a committee of its members some of its powers.