• Under this Law, a commission named The General Commission for Guardianship over Property of Minors and those of Similar Status, hereinafter referred to as “the Commission”, shall be established. It shall be headquartered in the city of Riyadh and shall have branches in the Kingdom’s provinces and counties. It shall have a legal personality and an independent budget, and shall report to the prime Minister.

• The Commission’s Board of Directors shall comprise a chairman appointed pursuant to a royal order and the following members:

  • 1. President of the Commission, member.

  • 2. Nine qualified members with relevant experience appointed for a term of three years, renewable once, provided they include two specialists in Sharia, two specialists in finance and economy, and one specialist in law.

• The appointment and renewal of said members as well as the determination of their remuneration shall be made pursuant to a resolution by the Council of Ministers upon the recommendation of the Board Chairman.

The Board of Directors of the Authority is the highest authority responsible for its affairs, managing its matters, and setting the general policy it follows. It has, in particular, the following competencies:
1- Proposing draft laws related to the work of the Authority and its relations with others, and submitting that according to the legal procedures.
2- Preparing the implementing regulation for this law.
3- Approving the financial and administrative regulations of the Authority.
4- Forming committees and granting them the necessary powers to accomplish the matters presented to them, provided that the Ministry of Social Affairs participates in any committee related to the Ministry's competencies.
5- Delegating some of its powers to those it sees fit among the Authority's staff within the limits of the rules it establishes.
6- Preserving the funds of those covered by this law that are located outside the country and specifying how to manage them and what is necessary for that.
7- Organizing the methods and means of investing and managing the funds of those covered by this law.
8- Establishing branches and offices for the Authority to achieve its purposes.
9- Approving the annual report and the final accounts of the Authority and submitting them to the Prime Minister according to the law.
10- Approving the draft budget of the Authority and the annual financial estimates for the Authority's revenues and expenditures covered by this law.

11- Allocating a percentage not exceeding (5%) of the net return from the investment of the funds managed by the Authority for the public benefit of all the purposes for which it was established and to cover part of its expenditures.
12- Approving the annual accounts of the revenues and expenditures of the endowments covered by this law.

• The Board of Directors shall convene periodically at least twice a month. Board meetings shall be presided over by the Chairman or his designee from among the members referred to in Article 3(2) of this Law. The Chairman may call for a meeting when necessary or if requested by three of its members. Board meetings shall be valid only if attended by twothirds of its members, including the Chairman or his designee. Board deliberations shall be confidential.

• Board decisions shall be passed by the absolute majority vote of its members. In case of a tie, the meeting chairman shall have the casting vote. The Board may invite any of the Commission’s personnel or any professional or expert to attend its meeting in a non-voting capacity. The Board shall have a secretary-general to enter meeting minutes and decisions into a special record.

• The Board shall form, from among its members, the following standing committees: Sharia Committee: to provide Sharia opinion regarding the Commission’s work.

  • Investment Committee: to set strategies and policies for the investment of property and to follow-up on the implementation of plans related thereto.

  • Endowment Projects Committee: to oversee endowed property and their revenues and to follow-up on their expenditures in accordance with the endowers’ conditions and instructions.

  • Audit Committee: to review control-related activities of the Commission.