Article 13 of the Saudi Alimony Fund Statute
المادة 13 من تنظيم صندوق النفقة
The article requires all of the Fund's money to be deposited in special accounts with the Saudi Arabian Monetary Authority, with spending from them under the rules and procedures the board sets.
Official text (Arabic)
This article has not been amended since the law was issued.
تودع جميع أموال الصندوق، في حسابات خاصة لدى مؤسسة النقد العربي السعودي, ويصرف منها وفقاً للقواعد والإجراءات التي يحددها المجلس.
This is the official Arabic wording, the only legally binding version. We do not translate the law itself; the explanation below is ours. Official source: Bureau of Experts at the Council of Ministers
Article 13 explained in plain English
This article regulates keeping the Alimony Fund's money and spending from it.
1. Deposit: All of the Fund's money is deposited in special accounts with the Saudi Arabian Monetary Authority. The text covers all of the Fund's money without exception.
2. Spending: Spending from these accounts is in accordance with the rules and procedures the board sets. The article does not state these rules, but leaves setting them to the Fund's board of directors.
The aim of this provision is to subject the Fund's money to an official depositary and make spending governed by rules the board sets, to safeguard these funds dedicated to paying alimony to beneficiaries.
This article connects to Article 12, which sets the Fund's resources: the state's annual subsidy, donations, grants, gifts, bequests and endowments the board decides to accept, and any other resource the board approves. It also connects to Article 14, which makes the Fund's fiscal year the state's fiscal year.
The article is financial and administrative in nature and does not create a direct right for the beneficiary, but it is part of the safeguards that govern the Fund's money.
Translated from our Arabic explanation with machine assistance. For guidance only; it does not replace advice from a lawyer on your situation.
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Frequently asked questions about Article 13 of the Saudi Alimony Fund Statute
Where is the Alimony Fund's money deposited?
In special accounts with the Saudi Arabian Monetary Authority.
Who sets the rules for spending from the Alimony Fund's money?
The Fund's board of directors.
More articles on Alimony Fund Resources and Accounts
- Article 12
The article sets the Fund's financial resources: the state's annual subsidy, donations, grants, gifts, bequests and endowments the board accepts, and any other resource the board approves.
تتكون الموارد المالية للصندوق مما يأتي: 1- الأموال التي تسهم بها الدولة كإعانة سنوية. 2- التبرعات والمنح والهبات والوصايا والأوقاف التي يقرر المجلس قبولها. 3- أ
- Article 14
The article makes the Fund's fiscal year the state's fiscal year, with the exception that the first year starts on the date the Statute takes effect and ends with the end of the following fiscal year.
السنة المالية للصندوق هي السنة المالية للدولة، واستثناء من ذلك تبدأ السنة المالية الأولى للصندوق من تاريخ نفاذ التنظيم، وتنتهي بنهاية السنة المالية التالية.
- Article 15
The article requires the Board to appoint one or more licensed external auditors to audit the Fund's accounts, without prejudice to the General Auditing Bureau, which is given a copy of the report.
مع عدم الإخلال باختصاص ديوان المراقبة العامة، يعين المجلس مراجع حسابات خارجيًّا (أو أكثر) من المرخص لهم بالعمل في المملكة، لتدقيق حسابات الصندوق ومعاملاته وبيان
The texts are reproduced from the official website of the Bureau of Experts at the Council of Ministers for reference; where they differ, the officially published Arabic text prevails. This content is not legal advice.