Article 13 of the Saudi Center for Commercial Arbitration Statute
المادة 13 من تنظيم المركز السعودي للتحكيم التجاري · الفصل الثالث: ميزانية المركز
The Article lists the Center's resources: allocations from the Council of Chambers and the Chambers, fees for its services, investment returns, gifts, donations, bequests and waqf revenues, and any other resource the Board approves.
Official text (Arabic)
This article has not been amended since the law was issued.
تتكون موارد المركز مما يأتي:
1- ما قد يخصص له من مجلس الغرف والغرف.
2- المقابل المالي للخدمات التي يقدمها في مجال اختصاصه.
3- عوائد استثماراته.
4- الهبات والتبرعات والوصايا وعائدات الأوقاف.
5- أي مورد آخر يوافق عليه المجلس، بما لا يخالف الأنظمة والتعليمات.
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 specifies the sources of funding of the Saudi Center for Commercial Arbitration, which are five:
- What may be allocated to it by the Council of Chambers and the Chambers; the words "may be allocated" show that the amount of this resource is not fixed in the Statute.
- Fees for the services it provides in its field of competence, which is connected to Article 12, which makes it a competence of the Chief Executive Officer to propose the fees for the services the Center provides.
- Returns on its investments, under the surplus funds investment regulation approved by the Board.
- Gifts, donations, bequests, and waqf revenues, which the Board is competent to accept.
- Any other resource the Board approves, so long as it does not contravene laws and instructions.
Note that the fifth resource is limited by two conditions: the Board's approval, and not contravening laws and instructions. It is also connected to Article 12, which has the Chief Executive Officer open the Center's bank accounts in licensed banks and sign disbursement orders according to the approved budget.
The Article does not include amounts for the fees for services; these are as approved by the Board.
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 Center for Commercial Arbitration Statute
How is the Saudi Center for Commercial Arbitration funded?
From what is allocated to it by the Council of Chambers and the Chambers, fees for its services, returns on its investments, gifts, donations, bequests, and waqf revenues, and any other resource the Board approves.
Does the Center charge fees for its services?
Yes. Among its resources are the fees for the services it provides in its field of competence.
More articles on Center Resources and Staff
- Article 14
The Article provides that the Center's personnel are subject to the Labor Law and the Social Insurance Law.
يخضع منسوبو المركز لأحكام نظام العمل ونظام التأمينات الاجتماعية.
- Article 15
The Article provides that the Statute is published in the Official Gazette and takes effect from the date of its publication.
ينشر التنظيم في الجريدة الرسمية، ويعمل به من تاريخ نشره.
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.