Article 54 of the Saudi Chambers of Commerce Law
المادة 54 من نظام الغرف التجارية · الفصل الثالث: الشؤون المالية لاتحاد الغرف
Article 54 lists the Federation's resources: a percentage of chambers' subscriptions and of their attestation fees set by the Regulations, investment returns, accepted donations, and fees for publications, training and activities.
Official text (Arabic)
This article has not been amended since the law was issued.
تتكون موارد اتحاد الغرف المالية مما يأتي:
1- نسبة مئوية من الاشتراكات التي تحصلها الغرف من المشتركين فيها، وتحدد اللائحة هذه النسبة.
2- عوائد استثمار أصول اتحاد الغرف وأمواله.
3- التبرعات، والهبات، والإعانات؛ التي يقبلها مجلس إدارة اتحاد الغرف.
4- المقابل المالي للمطبوعات، والتدريب.
5- نسبة مئوية من المقابل المالي لما تُصدق عليه الغرف لمنسوبيها. وتحدد اللائحة هذه النسبة.
6- المقابل المالي الذي يحصل عليه الاتحاد من الأنشطة والفعاليات التي ينفذها، أو نسبة منه فيما يتعلق بما يُنفذ بالاشتراك مع الغرفة، وذلك بحسب ما تحدده اللائحة.
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 54 explained in plain English
This article sets out the Federation of Chambers' sources of funding, which are six:
- A percentage of the subscriptions the chambers collect from their subscribers, which the Regulations set.
- Returns on investing the Federation's assets and funds.
- Donations, gifts and subsidies that the Federation's board of directors accepts.
- Fees for publications and training.
- A percentage of the fees for what the chambers attest for their members, which the Regulations set.
- Fees for the activities and events the Federation carries out, or a share of them where carried out jointly with a chamber, as the Regulations set.
This shows that part of the Federation's funding comes from the chambers themselves, through percentages of their subscriptions and of their attestation fees. The Law does not set the amount of these percentages, but refers them all to the Implementing Regulations, so they cannot be learned from this article.
Accepting donations and gifts is not automatic, but depends on acceptance by the Federation's board of directors.
This article opens the part on the Federation of Chambers' financial affairs, after Article 53, which makes the Secretary General responsible for preparing the draft budget and final accounts. It is followed by Article 55, which requires the Federation to have a licensed auditor chosen each year by the General Assembly.
Practical example
The Federation of Chambers organizes a business forum jointly with one of the chambers of commerce and charges participants fees. Under item (6), the Federation receives a share of the fee for this joint activity, as the Regulations set.
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 54 of the Saudi Chambers of Commerce Law
How is the Federation of Chambers of Commerce funded?
From a percentage of the chambers' subscriptions and of their attestation fees, investment returns, accepted donations, and fees for publications, training, activities and events.
What percentage of the chambers' subscriptions goes to the Federation?
The article does not set the percentage; it provides that the Regulations set it.
Does the Federation of Chambers accept donations?
Yes. Donations, gifts and subsidies are among its resources, provided the Federation's board of directors accepts them.
More articles on Federation of Chambers of Commerce
- Article 40
Article 40 defines the Federation of Chambers as a non-profit entity that looks after the chambers' shared interests and represents commercial activities nationally inside and outside the Kingdom; it is the chambers' main reference, based in Riyadh.
اتحاد الغرف كيان غير ربحي، يهدف إلى رعاية المصالح المشتركة للغرف، وتمثيل مختلف الأنشطة التجارية على المستوى الوطني داخل المملكة وخارجها، والعمل على حمايتها وتطو
- Article 41
Article 41 gives the Federation of Chambers legal personality and financial and administrative independence under the Ministry's supervision, represented by its board chairman, with the right to own property but not to engage in commercial activities.
1- يتمتع اتحاد الغرف بالشخصية الاعتبارية والاستقلال المالي والإداري، ويعمل تحت إشراف الوزارة، ويمثله رئيس مجلس إدارته أمام القضاء والغير، وله تفويض من يراه في ه
- Article 42
Article 42 lists 22 duties of the Federation of Chambers, including representing the chambers nationally and internationally, studies, exhibitions and delegations, national committees, joint business councils, and resolving disputes between chambers and between their board members.
يتولى اتحاد الغرف المهمات الآتية: 1- تمثيل الغرف التجارية في شتَّى الأنشطة التجارية على المستوى الوطني داخل المملكة وخارجها. 2- العناية بالمصالح المشتركة للغرف،
- Article 55
The Federation has a licensed auditor chosen each year by the General Assembly from three nominated by the board, for no more than four consecutive years, who submits an annual report with a copy to the Ministry.
يكون لاتحاد الغرف مراجع حسابات (أو أكثر) من بين مراجعي الحسابات المرخص لهم بالعمل في المملكة، تختاره الجمعية العمومية سنويًّا من بين ثلاثة على الأقل يرشحهم مجلس
- Article 56
Article 56 requires the Federation of Chambers' budget, financial statements and final accounts to be published as the Implementing Regulations set out.
تُنشر ميزانية اتحاد الغرف وقوائمه المالية وحسابه الختامي، وفقاً لما تحدده اللائحة.
- Article 60
The Law's provisions on chambers apply to the Federation of Chambers where it has no specific provision of its own, and so far as they do not conflict with the Federation's nature and duties.
تسري الأحكام الواردة في النظام المتعلقة بالغرف -فيما لم يرد فيه حكم خاص باتحاد الغرف في النظام- على الاتحاد، وذلك فيما لا يتعارض مع طبيعة الاتحاد ومهماته.
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.