Article 18 of the Saudi Consumer Protection Association Statute

This Article explains where the Association gets its funds and how it safeguards them.

First: sources of resources:

1. Government subsidies.
2. Proceeds of publications and bulletins, and revenue from organizing seminars, exhibitions and courses.
3. Returns from investing the Association's fixed and movable property.
4. Members' subscriptions.
5. Gifts, donations, bequests, endowments and grants that the Board accepts.
6. Other resources proposed by the Board and approved by the General Assembly.

Note that gifts and donations do not automatically become part of the Association's resources; the Board must accept them. Any new resource also requires a proposal from the Board and approval by the General Assembly.

Second: safeguarding the funds:

• The Association deposits its cash funds in its own name with a bank in the Kingdom.
• These funds may be withdrawn only on the signatures of two of the Association's officials.
• The internal regulations determine who these two officials are.

The dual-signature requirement is a control safeguard preventing any one person from dealing with the Association's funds alone. The Article does not name the officials authorized to sign but leaves that to the internal regulations.