The authority enjoys legal personality, financial and administrative independence, and is organizationally linked to the President of the Council of Ministers. Its main headquarters is located in Riyadh, and it has the authority to open branches or offices within the Kingdom as needed.

The Authority aims to regulate matters related to state properties, protect and preserve them, determine how to act with them, exploit, use, and invest them in the best possible manner, supervise them, and unify the policies related to them.

With due regard to the other competencies assigned to the Authority under the laws, orders, decisions, and instructions related to state real estate affairs, the Authority shall undertake all tasks and competencies related to state real estate affairs, particularly the following:

• 1- Supervising state real estate.

• 2- Disposing of state real estate, which includes investment, allocation, leasing, and meeting the needs of government entities for land and buildings, and other types of actions, in accordance with the orders, laws, and instructions governing that, provided that this does not affect the Authority's ability to meet the needs of government entities for such real estate.

• 3- Establishing general policies related to state real estate affairs, and the plans and programs necessary for their implementation, and raising matters that require completing regulatory procedures in this regard.

• 4- Proposing draft laws related to state real estate affairs, proposing amendments to existing ones, and submitting them for completing regulatory procedures.

• 5- Establishing the necessary procedures to confirm state ownership of all its real estate, and issuing deeds for state real estate in the name of state real estate.

• 6- Representing the state before judicial and quasi-judicial authorities, inside and outside the Kingdom, in disputes related to the ownership of state real estate or encroachments thereon, in coordination with the benefiting entities.

• 7- Allocating state real estate to government entities, and canceling such allocations when necessary, and establishing the controls and procedures necessary for that.

• 8- Establishing mechanisms to ensure integration and coordination among government entities concerned with state real estate affairs, enabling them to carry out the tasks assigned to them and resolve any disputes among them.

• 9- Monitoring the application of laws, regulations, and instructions related to state real estate affairs.

• 10- Preserving the original deeds and documents of state real estate ownership.

• 11- Concluding financing contracts and agreements, including loan contracts, and debt instruments such as deeds and similar instruments; until the issuance of the state real estate law.

• 12- Building and developing a comprehensive electronic database with a geographic information system specific to state real estate, and coordinating with relevant entities to unify standards and specifications according to best practices.

• 13- Establishing rules and controls for evaluating state real estate, and purchasing or leasing it.

• 14- Determining the rights arising from the use of state real estate.

• 15- Evaluating the real estate that government entities wish to purchase or lease, from both financial and technical perspectives.

• 16- Evaluating state real estate and reviewing it periodically.

• 17- Establishing standards and specifications - according to best practices - for operating, developing, managing, and maintaining state real estate.

• 18- Approving standards and specifications - according to best practices - for constructing, planning, designing, implementing, and developing state real estate, and financing mechanisms and options, in coordination with the relevant entities.

• 19- Cooperating and exchanging experiences with regional and international organizations and bodies related to the Authority's tasks, and specialized consulting firms inside and outside the Kingdom, within the limits of its competencies.

• 20- Establishing companies or participating or contributing to them; and creating investment funds or similar entities or contributing to them, in agreement with the Ministry of Finance, to enable the Authority to perform its tasks and objectives, and to serve the goals for which it was established, and it may assign the performance of some of its tasks to these companies.

The authority shall have a Board of Directors chaired by the Minister of Finance, and consisting of the following members:

• 1- The Governor of the Authority.

• 2- A representative from the Ministry of Interior.

• 3- A representative from the Ministry of Justice.

• 4- A representative from the Ministry of Finance.

• 5- A representative from the Ministry of Municipal and Rural Affairs.

• 6- A representative from the Ministry of Environment, Water, and Agriculture.

• 7- A representative from the Ministry of Economy and Planning.

• 8- A representative from the Ministry of Energy.

• 9- A representative from the Ministry of Industry and Mineral Resources.

• 10- A representative from the Real Estate General Authority.

The rank of the members of the Council shall not be less than (the fourteenth) or its equivalent, and their remuneration shall be determined by a decision from the Council of Ministers.

The Council is responsible for overseeing the affairs of the Authority, managing it, and conducting its matters. It has the authority to make the necessary decisions to achieve its purposes within the limits of the provisions of the Law, and it specifically has the following powers:

• 1- Approving the general policies related to state real estate affairs, its plans, and programs, and raising matters that require the completion of procedures regarding them.

• 2- Proposing draft laws related to the Authority's competencies, suggesting amendments to existing ones, and submitting them for the completion of legal procedures.

• 3- Approving the controls and procedures necessary for allocating state real estate to government entities and canceling such allocations when necessary.

• 4- Approving the organizational structure of the Authority.

• 5- Approving the financial and administrative regulations of the Authority, as well as other internal regulations, provided that the approval of financial regulations and provisions with financial implications in the administrative regulations is in agreement with the Ministry of Finance and the Ministry of Human Resources and Social Development.

• 6- Approving investment projects for the real estate under the Authority's control.

• 7- Approving the investment of the Authority's funds in a manner that achieves its objectives in accordance with the governing provisions.

• 8- Purchasing real estate, disposing of the real estate owned by it, and investing it; according to controls set by the Council.

• 9- Approving the rules and mechanisms for investing state real estate.

• 10- Approving the Authority's annual budget project, final accounts, annual report, and auditor's report; in preparation for completing the applicable legal procedures.

• 11- Determining the financial compensation for the services and works provided by the Authority that the Council deems necessary to charge a financial fee for, in agreement with the Ministry of Finance and the Non-Oil Revenues Development Center.

• 12- Appointing one or more external auditors.

• 13- Approving the conclusion of agreements, memoranda of understanding, and contracts, in accordance with the applicable legal procedures.

• 14- Approving the opening of branches or offices for the Authority within the Kingdom.

• 15- Accepting gifts, donations, aids, grants, bequests, and endowments, in accordance with the applicable legal procedures.

• 16- Approving the establishment of companies or participating or contributing to them; and creating investment funds or similar entities or contributing to them, in accordance with the legal procedures.

• And the Council -in order to achieve its purposes- may form permanent or temporary committees from its members or others, assigning them tasks it deems necessary. The decision to form each committee specifies its chairperson, members, their rewards, and their competencies, and it may seek assistance from whoever it deems necessary to perform the tasks assigned to it.

And the Council -as far as the needs of work require- may delegate some of its competencies to its chairperson, or to the committees subordinate to the Council, or to the governor, in accordance with what is required for the workflow in the Authority.

1- The Council meetings are held at the headquarters of the Authority, and with the approval of the President of the Council, they may be held at any other location.

2- The Council shall meet at least once every (four months), or whenever necessary as determined by the President of the Council, based on an invitation from the President, provided that the invitation is accompanied by an agenda for the meeting. The President of the Council must call the Council to meet whenever at least (four) of its members request it, and the validity of the meeting requires the presence of the majority of the members, including the President of the Council or his delegate in case of his absence. Meetings may also be held through secure electronic means. Decisions are made by a majority of the votes of those present, and in the event of a tie, the side that the President of the meeting voted for shall prevail. The Council may issue its decisions by circulation.

3- The deliberations and decisions of the Council are recorded in minutes signed by the President of the meeting and the attending members, and any member who disagrees with any decision may record their objection with justification in the minutes.

4- A member may not abstain from voting or delegate another member to vote on their behalf in their absence.

5- A member may not disclose any information they have accessed regarding the secrets of the Authority even after their membership in the Council has ended.

6- The Council may invite specialists and consultants whom it deems necessary to attend its meetings, without them having the right to vote.

7- The Council appoints a Secretary from the Authority's staff, based on the nomination of the Governor, who shall undertake the duties of the Council's secretariat, prepare for meetings, and record the deliberations and decisions.

The Authority shall have a Governor at the excellent rank, who is considered the executive responsible for its administration. His responsibilities are concentrated within the limits set by the regulations and the bylaws issued accordingly, and as determined by the Council. In particular, he shall exercise the following competencies:

• 1- Supervising the preparation of the organizational structure of the Authority and submitting it to the Council.

• 2- Supervising the preparation of financial and administrative regulations and other internal regulations necessary for the Authority to perform its tasks and submitting them to the Council.

• 3- Supervising the preparation of general policies, plans, and programs, and following up on their implementation after approval by the Council.

• 4- Supervising the preparation of the Authority's annual budget project and the final account; and submitting them to the Council.

• 5- Supervising the preparation of the Authority's annual report, which must include the obstacles it faced and propose appropriate solutions, and submitting it to the Council for consideration and to take what it deems appropriate regarding it.

• 6- Supervising the workflow in the Authority, in accordance with the approved regulations, plans, and programs.

• 7- Issuing the necessary decisions to implement the provisions contained in the regulations and the bylaws issued accordingly, according to the powers granted to him.

• 8- Issuing decisions regarding the allocation of state properties to government entities and canceling their allocation when necessary, in accordance with the controls and procedures approved by the Council.

• 9- Appointing the Authority's personnel and supervising them, in accordance with the applicable systems and regulations.

• 10- Disbursing from the Authority's budget and taking all financial procedures in accordance with the applicable systems and regulations, within the limits of the powers delegated to him by the Council.

• 11- Representing the Authority before the judiciary, and before government entities, institutions, and other related bodies, as well as other entities inside and outside the Kingdom, with the authority to delegate others in this regard.

• 12- Contracting for the execution of works, services, and others, as required by the workflow in the Authority, in accordance with the systems and powers delegated to him by the Council.

• 13- Signing agreements, memoranda of understanding, and contracts, in accordance with the applicable legal procedures.

• 14- Submitting periodic reports to the Council regarding the Authority's activities.

• 15- Any other competency assigned to him by the Council.

The Governor may delegate some of his competencies to whomever he sees fit among the Authority's personnel, in accordance with the requirements of the workflow in the Authority.

1- The resources of the Authority consist of the following:

• A - The allocations designated for it in the state’s general budget.

• B - A percentage not exceeding (10%) of the revenues collected from its investments in state properties, in agreement with the Ministry of Finance.

• C - The financial compensation it receives for the services and works it provides.

• D - What the Council accepts in terms of gifts, donations, aids, grants, bequests, and endowments.

• E - The returns from investing its available financial resources.

• F - Any other resource approved by the Council, provided it does not conflict with the regulations and instructions.

2- The revenues of the Authority are deposited in the current account of the Ministry of Finance at the Saudi Central Bank.

3- The Authority shall open an account for itself at the Saudi Central Bank, and it may open other accounts at banks licensed to operate in the Kingdom, and withdrawals from these accounts shall be made according to the Authority's budget.

1- The Authority shall have an independent annual budget.

2- The financial year of the Authority is the same as the financial year of the State.