Article 45 of the Saudi Chambers of Commerce Law
المادة 45 من نظام الغرف التجارية · الفصل الثاني: الأجهزة الإدارية لاتحاد الغرف
Article 45 sets the powers of the Federation's General Assembly: following the board, discussing matters, approving the report, final accounts, budget and internal regulations, and approving the auditor.
Official text (Arabic)
This article has not been amended since the law was issued.
تختص الجمعية العمومية لاتحاد الغرف بما يأتي:
1- متابعة أعمال مجلس إدارة الاتحاد.
2- مناقشة الموضوعات المتعلقة بالاتحاد التي يقدمها إليها أي من أعضائها.
3- مناقشة التقرير السنوي عن نشاط الاتحاد، والحساب الختامي للسنة المالية المنتهية، ومشروع الموازنة التقديرية، واعتمادها، وتزويد الوزارة بنسخ منها.
4- اعتماد مشروعات لوائح الاتحاد الداخلية، بما فيها اللوائح الإدارية والمالية، واللائحة الخاصة بالعاملين في الاتحاد، ولائحة الحوكمة، ولائحة التدريب والابتعاث؛ وذلك بما يتفق والأحكام النظامية ذات الصلة.
5- الموافقة على تعيين مراجع (أو مراجعي) الحسابات.
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 45 explained in plain English
This article sets out the powers of the Federation of Chambers' General Assembly, which are five:
- Following the work of the Federation's board of directors, so it is an oversight body over the board.
- Discussing matters relating to the Federation put to it by any of its members.
- Financial affairs and reports: discussing the annual report on the Federation's activity, the final accounts for the fiscal year just ended and the draft estimated budget, approving them, and providing the Ministry with copies.
- Approving the Federation's internal regulations: including the administrative and financial regulations, the staff regulation, the governance regulation and the training and scholarship regulation, provided they are consistent with the relevant legal provisions.
- Approving the appointment of the auditor (or auditors).
These powers complement the articles around them: Article 44 explains that the Assembly is made up of the chambers, represented by members of their boards other than their presidents, and Article 46 governs its annual meetings within ninety days of the end of the fiscal year and its being called at the request of the board or 20% of its members.
So the General Assembly has the final say in approving the Federation's budget, accounts and internal regulations.
Practical example
The Federation of Chambers' fiscal year has ended, and the Federation has prepared its annual report and final accounts. Under the article, the Federation's General Assembly discusses these documents along with the draft new budget and approves them, then provides the Ministry with copies.
Translated from our Arabic explanation with machine assistance. For guidance only; it does not replace advice from a lawyer on your situation.
How we write and review contentCommercial & Corporate Law lawyers: ask a specialist about your case
Describe your situation briefly and we'll suggest a lawyer who specialises in this law
Commercial & Corporate Law lawyers
Lawyers who handle this kind of case
Ibrahim Al Salem Law Firm
Active contributor
Dr. Ali Al-Rubaie Law Office and Ittihad Al-Asr Legal Company
Frequently asked questions about Article 45 of the Saudi Chambers of Commerce Law
Who approves the budget of the Federation of Chambers?
The Federation's General Assembly, which discusses the draft estimated budget, approves it and provides the Ministry with a copy.
Who approves the Federation of Chambers' internal regulations?
The Federation's General Assembly approves them, including the administrative and financial regulations and the staff, governance, and training and scholarship regulations.
Does the General Assembly oversee the Federation's board?
Yes. Among its powers is following the work of the Federation's board of directors.
More articles on Federation Board of Directors
- Article 43
Article 43 names the three administrative bodies of the Federation of Chambers: the General Assembly, the board of directors, and the General Secretariat.
تتكون أجهزة اتحاد الغرف الإدارية مما يأتي: 1- الجمعية العمومية. 2- مجلس الإدارة. 3- الأمانة العامة.
- Article 44
The Federation's General Assembly is made up of the chambers, each represented by members of its board other than its president, according to its number of subscribers under the Regulations and with a minimum of one member.
تتكون الجمعية العمومية لاتحاد الغرف من الغرف، ويتم تمثيل الغرفة في الجمعية العمومية من بين أعضاء مجلس إدارة الغرفة عدا رئيسها، ويكون تمثيل كل غرفة في الجمعية ال
- Article 46
The Federation's General Assembly meets yearly within 90 days of the end of the fiscal year, and may be called at the request of the board or 20% of its members, with meetings and voting allowed electronically.
1- تجتمع الجمعية العمومية لاتحاد الغرف في مقره الرئيس مرة على الأقل كل سنة خلال الـــ(تسعين) يوماً التالية لانتهاء السنة المالية، وذلك بدعوة من رئيس اتحاد الغرف
- Article 47
Article 47 provides that the Federation of Chambers' board of directors is made up of the presidents of the chambers.
يتكون مجلس إدارة اتحاد الغرف من رؤساء الغرف.
- Article 48
The Federation's board elects its president and two deputies by secret ballot and absolute majority, the Minister appoints them for three years, and the president may not run for the next term unless he or she served less than a year.
1- يعقد مجلس إدارة اتحاد الغرف أول اجتماع له خلال المدة التي تحددها اللائحة لاختيار رئيس المجلس ونائبيه الأول والثاني من بين أعضائه، ويتم الانتخاب بالاقتراع الس
- Article 49
Article 49 sets the powers of the Federation of Chambers' board: policies and decisions, acting on the Federation's behalf, resolving disputes between chambers and their board members, following performance, referring the budget to the Assembly, and forming committees.
يختص مجلس إدارة اتحاد الغرف بما يأتي: 1- وضع السياسات العامة والخطط والبرامج في حدود مهمات الاتحاد. 2- إصدار القرارات والتعليمات اللازمة لأداء الاتحاد لمهماته.
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.