Article 12 of the Saudi Center for Commercial Arbitration Statute

This article regulates the post of the Center's chief executive:

Appointment: appointed by a decision of the board of directors, which determines the chief executive's pay, financial benefits, powers and responsibilities, within the limits stated in the Statute and approved by the board.

Principal functions:

• Proposing: the Center's plans and programs and supervising their implementation after approval, the internal regulations (including administrative and financial ones), the organizational structure, and the financial consideration for services; the role in these is to propose.
• Management: running the Center's business, supervising preparation for board meetings and attending them without the right to vote, and following up the implementation of its decisions.
• Staff: appointing them, supervising them, evaluating their performance and taking disciplinary measures against them, in accordance with the Center's regulations and the relevant laws.
• Relations: developing relations with local and international partners, and concluding cooperation agreements and memoranda of understanding.
• Finance and contracts: opening bank accounts at banks licensed in the Kingdom, signing payment orders and transfers according to the approved budget, and concluding the Center's contracts.
• Representation: representing the Center before the judiciary and government and private bodies.
• Reports: preparing the draft budget, the final account and the annual report for submission to the board.

The chief executive may delegate whomever the chief executive sees fit to exercise some of these powers. The practical meaning for someone dealing with the Center, as a supplier or partner, is that the chief executive or the chief executive's delegate is the one who concludes contracts and represents the Center.