1 - The Social Charity Fund shall have an independent legal personality. Its main headquarters shall be in the city of Riyadh, and it may - by a decision of its Board of Directors - establish branches or offices within the Kingdom as necessary. It will hereinafter be referred to as (the Fund).
2 - The Fund is considered one of the executive tools for the national strategy for social development.
The resources of the fund consist of the following:
1 - What the state allocates to it in terms of appropriations, and what it provides in terms of grants.
2 - Zakat, donations, grants, gifts, bequests, assistance, endowments, and contributions.
3 - Returns from the investment of its funds and properties.
1- The fund shall have a Board of Directors composed as follows:
A - Minister of Social Affairs - Chairman
B - Six members from the following entities: (Ministry of Interior, Ministry of Finance, Ministry of Social Affairs, Ministry of Labor, Ministry of Commerce and Industry, and Technical and Vocational Training Corporation), with each entity appointing a representative whose rank shall not be less than (fourteenth).
C - Five members from the private sector or those with interests in the social field, appointed by a decision of the Council of Ministers based on a nomination from the Chairman of the Board of Directors of the fund.
2 - The Chairman of the Board shall designate a member to preside over the meetings of the Board in his absence.
3 - The term of membership in the Board is four years, renewable for one additional term.
The Board of Directors of the Fund shall work to achieve the purpose for which the Fund was established, and it has the following competencies:
1 - Identifying the target groups for the Fund's services.
2 - Approving the work programs of the Fund to achieve the set objectives.
3 - Approving the organizational structure of the Fund, and issuing all necessary administrative and financial regulations for its operation and management.
4 - Approving the estimated budget for the Fund's activities and expenses for each fiscal year, and the rules to be followed in case of a shortfall in revenues or an increase in expenses beyond what is stipulated in the budget.
5 - Appointing an auditor (or more) from the licensed auditors, and determining their fees and duration of work.
6 - Approving the establishment of branches of the Fund within the Kingdom when necessary.
7 - Forming advisory and technical committees whose members are experienced and specialized individuals to prepare the programs and projects necessary to achieve the purpose for which the Fund was established.
The decision to form each committee shall specify its chairperson, members, tasks, powers, and duration.
8 - Modifying the types of services provided - either by addition or cancellation - in a manner that ensures no duplication in providing similar services to those of other entities.
9 - Seeking the assistance of experts, consultants, and others - both full-time and part-time - to perform the tasks assigned to them, and determining their rights and duties.
10 - Approving the appointment of the General Manager, and determining their responsibilities, powers, and financial benefits.
11 - Working to develop the Fund's resources, and approving investment projects for them, and for this purpose, establishing companies to achieve its goals in qualifying the targeted individuals.
12 - Approving the final accounts and the annual report on the Fund's activities; in preparation for submitting them in accordance with the legal procedures.
13 - Appointing an internal financial auditor for the Fund.
1 - The Board of Directors shall hold at least four meetings per year, and the meeting shall be valid if attended by the majority of the members, including the President or his representative.
2 - An extraordinary meeting may be convened at the invitation of the President, or at the request of at least three members, and the meeting shall then be valid if attended by two-thirds of the members, including the President or his representative.
3 - Decisions of the Board of Directors are made by a majority of the attending members, and in the event of a tie, the side that the President of the meeting votes with shall prevail.
4 - The General Manager attends the meetings of the Council without having the right to vote on the decisions.
1 - A member of the Board of Directors loses their membership in the Council in any of the following cases:
A - If they miss five consecutive regular meetings of the Council without an excuse.
B - If they engage in any act or activity that results in causing harm to the Fund, either materially or morally.
C - If they submit a request to resign from membership.
D - If they become unable to work.
2 - The Chairman of the Board of Directors of the Fund shall take the necessary measures to appoint a replacement in the event of a member losing their membership, in accordance with the procedures stipulated in paragraph (1) of Article (5) of this regulation.
The financial year of the fund begins with the start of the state's financial year and ends with its conclusion. By way of exception, the first financial year of the fund is calculated from the date the fund commences its activities and ends at the conclusion of the following financial year of the state.
An executive committee shall be established by a decision of the Board of Directors of the Fund, consisting of a chairman and four members. The Council shall set its regulations and the manner in which it conducts its work.