<The Cabinet approved a number of amendments to the organization of the General Authority for Real Estate, during its decision issued on 23-1-1443 AH.
The Umm Al-Qura newspaper published the amendments, which affected 14 paragraphs, as follows:
1- Amending the chest of Article (III) to be the following text: “The main purpose of the Authority is to register real estate in the Kingdom, and work to organize, supervise and develop non-governmental real estate activity, to raise its efficiency, and encourage investment in it in line with the objectives of economic and social development: ”The main purpose of the Authority is to register real estate in kind in the Kingdom, and work to organize, supervise and develop non-governmental real estate activity, to raise its efficiency, and encourage investment in it in line with the objectives of economic and social development. In order to achieve the purpose for which it was established, the Authority shall have all the powers necessary for this, and shall in particular have the following:...«.
2- Amending paragraph (4) of Article (III) to read as follows: »Establish controls and standards for real estate activities.«
3- Amending paragraph (6) of Article (III) to be as follows: »Enforcement of real estate registration, as prescribed by law.«
4- Adding a paragraph (19) to Article (III), with the following text: »Establishing training centers related to its competencies, in accordance with the statutory procedures.«
5- Adding paragraph (20) to Article (III), with the following text: »Entrusting some of the services it provides to the private sector, in accordance with the statutory procedures.«
6- Amending paragraph (1) of Article (IV) to read as follows: »The Authority shall have a Board of Directors, chaired by the Minister, and the membership of each of the following:A - Governor
B - A representative from the Ministry of Municipal and Rural Affairs and Housing
C - A representative from the Ministry of Justice
D - A representative from the Ministry of Finance
E - A representative from the Ministry of Economy and Planning
F - A representative from the Ministry of Investment
G - A representative from the Public Authority for State Real Estate
H - A representative from the Public Authority for State Real Estate
E - A representative from the Public Authority for Survey and Geographical Information
F - A representative from the Public Authority for State Real Estate
G A representative from the Public Authority for Survey and Geospatial Information
i - Three from the private sector related to the Authority's activity, appointed by a decision of the Council of Ministers based on a proposal from the Minister, and their membership is for a period of three years, renewable once.
7- Adding a paragraph numbered (3) to Article (IV), with the following text: «3. The President shall choose a Vice President from the representatives of the government entities in the Council.»
8- Amending paragraph (3) of Article (5) to read as follows: «Approval of the administrative, financial and other internal regulations of the Authority, provided that the approval of administrative regulations shall be in agreement with the Ministry of Human Resources and Social Development, and financial regulations and provisions with financial impact in administrative regulations shall be in agreement with the Ministry of Finance.»
9- Amending paragraph (4) of Article (5) to be as follows: «Approval of the organizational structure of the Authority: »Approving the organizational structure of the Authority.«
10- Amending paragraph (5) of Article (V) to read as follows: »Approving the financial compensation for the licenses issued by the Authority, in agreement with the Ministry of Finance and the Non-Oil Revenue Development Center.«
11- Amending paragraph (6) of Article (V) to read as follows: »Without prejudice to the relevant statutory provisions, the approval of the financial compensation charged by the Authority for the works and services it provides shall be in agreement with the Ministry of Finance and the Non-Petroleum Revenue Development Center.«
12- Adding a paragraph (15) to Article (V), with the following text: »Develop programs to incentivize in-kind registration of real estate.«
13- Amend sub-paragraph (c) of paragraph (1) of Article (XI), by adding the words »in accordance with the regulations«, to read as follows: »The financial remuneration it charges for the services and works it provides to third parties within its jurisdiction, in accordance with the laws, regulations and decisions adopted by the Council.«
14- Adding an article (thirteenth bis) with the following text: »The employees of the Authority, except for the Governor, are subject to the provisions of the Labor Law and the Social Insurance Law.«Item (IV) of Cabinet Decision No. (239) dated 4/25/1438 AH was also canceled, while the Council approved the General Authority for Real Estate to assume the competencies related to the in-kind registration of real estate after the necessary amendments to the Real Estate Registration Law issued by Royal Decree No. (M/6) dated 11/2/1423 AH, as included in Item (III) of Cabinet Decision No. (507) dated 9/2/1440 AH.
The Umm Al-Qura newspaper published the amendments, which affected 14 paragraphs, as follows:
1- Amending the chest of Article (III) to be the following text: “The main purpose of the Authority is to register real estate in the Kingdom, and work to organize, supervise and develop non-governmental real estate activity, to raise its efficiency, and encourage investment in it in line with the objectives of economic and social development: ”The main purpose of the Authority is to register real estate in kind in the Kingdom, and work to organize, supervise and develop non-governmental real estate activity, to raise its efficiency, and encourage investment in it in line with the objectives of economic and social development. In order to achieve the purpose for which it was established, the Authority shall have all the powers necessary for this, and shall in particular have the following:...«.
2- Amending paragraph (4) of Article (III) to read as follows: »Establish controls and standards for real estate activities.«
3- Amending paragraph (6) of Article (III) to be as follows: »Enforcement of real estate registration, as prescribed by law.«
4- Adding a paragraph (19) to Article (III), with the following text: »Establishing training centers related to its competencies, in accordance with the statutory procedures.«
5- Adding paragraph (20) to Article (III), with the following text: »Entrusting some of the services it provides to the private sector, in accordance with the statutory procedures.«
6- Amending paragraph (1) of Article (IV) to read as follows: »The Authority shall have a Board of Directors, chaired by the Minister, and the membership of each of the following:A - Governor
B - A representative from the Ministry of Municipal and Rural Affairs and Housing
C - A representative from the Ministry of Justice
D - A representative from the Ministry of Finance
E - A representative from the Ministry of Economy and Planning
F - A representative from the Ministry of Investment
G - A representative from the Public Authority for State Real Estate
H - A representative from the Public Authority for State Real Estate
E - A representative from the Public Authority for Survey and Geographical Information
F - A representative from the Public Authority for State Real Estate
G A representative from the Public Authority for Survey and Geospatial Information
i - Three from the private sector related to the Authority's activity, appointed by a decision of the Council of Ministers based on a proposal from the Minister, and their membership is for a period of three years, renewable once.
7- Adding a paragraph numbered (3) to Article (IV), with the following text: «3. The President shall choose a Vice President from the representatives of the government entities in the Council.»
8- Amending paragraph (3) of Article (5) to read as follows: «Approval of the administrative, financial and other internal regulations of the Authority, provided that the approval of administrative regulations shall be in agreement with the Ministry of Human Resources and Social Development, and financial regulations and provisions with financial impact in administrative regulations shall be in agreement with the Ministry of Finance.»
9- Amending paragraph (4) of Article (5) to be as follows: «Approval of the organizational structure of the Authority: »Approving the organizational structure of the Authority.«
10- Amending paragraph (5) of Article (V) to read as follows: »Approving the financial compensation for the licenses issued by the Authority, in agreement with the Ministry of Finance and the Non-Oil Revenue Development Center.«
11- Amending paragraph (6) of Article (V) to read as follows: »Without prejudice to the relevant statutory provisions, the approval of the financial compensation charged by the Authority for the works and services it provides shall be in agreement with the Ministry of Finance and the Non-Petroleum Revenue Development Center.«
12- Adding a paragraph (15) to Article (V), with the following text: »Develop programs to incentivize in-kind registration of real estate.«
13- Amend sub-paragraph (c) of paragraph (1) of Article (XI), by adding the words »in accordance with the regulations«, to read as follows: »The financial remuneration it charges for the services and works it provides to third parties within its jurisdiction, in accordance with the laws, regulations and decisions adopted by the Council.«
14- Adding an article (thirteenth bis) with the following text: »The employees of the Authority, except for the Governor, are subject to the provisions of the Labor Law and the Social Insurance Law.«Item (IV) of Cabinet Decision No. (239) dated 4/25/1438 AH was also canceled, while the Council approved the General Authority for Real Estate to assume the competencies related to the in-kind registration of real estate after the necessary amendments to the Real Estate Registration Law issued by Royal Decree No. (M/6) dated 11/2/1423 AH, as included in Item (III) of Cabinet Decision No. (507) dated 9/2/1440 AH.
