Article 19 of the Saudi Consumer Protection Association Statute
المادة 19 من تنظيم جمعية حماية المستهلك
The Article sets the Association's financial year: it begins on the tenth day of the Capricorn (Jadi) sign each year and ends on the ninth day of it in the following year.
Official text (Arabic)
This article has not been amended since the law was issued.
تبدأ السنة المالية للجمعية في اليوم العاشر من برج الجدي من كل عام، وتنتهي في اليوم التاسع منه من العام التالي.
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 19 explained in plain English
This Article sets the financial year of the Consumer Protection Association, that is, the period for which the budget and accounts are prepared.
- Start: the tenth day of the Capricorn (Jadi) sign each year.
- End: the ninth day of the Capricorn sign in the following year.
Capricorn is one of the solar signs, so the Association's financial year is tied to the solar calendar rather than the lunar Hijri months, and lasts a full year.
Why does this Article matter? Because the financial year is the time frame within which the Association's financial affairs are organized, such as the resources listed in Article 18: government subsidies, subscriptions, donations and investment returns.
The Article does not state the equivalent of this date in the Gregorian or Hijri calendar, or the dates for preparing or approving the budget or final accounts; for these the remaining provisions of the Statute and the Association's regulations must be consulted.
The Article is procedural in nature. It creates no direct right or obligation for consumers, but it matters to the Association's members and to those running its finances, who need to know when each financial year begins and ends.
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 19 of the Saudi Consumer Protection Association Statute
When does the Consumer Protection Association's financial year begin?
On the tenth day of the Capricorn (Jadi) sign each year.
When does the Association's financial year end?
On the ninth day of the Capricorn sign in the following year.
More articles on Association Resources and Dissolution
- Article 11
The Article makes the General Assembly the Association's supreme authority and lists its competences, from general policies and electing two thirds of the Board to approving the budget and proposing dissolution.
الجمعية العمومية هي السلطة العليا للجمعية وتتولى الاختصاصات والمهمات الآتية: 1 - وضع السياسات العامة التي توجه سير عمل الجمعية. 2 - انتخاب ثلثي أعضاء المجلس وثل
- Article 18
The Article lists the Association's resources (government subsidies, publications, investment returns, subscriptions, donations and endowments) and requires its funds to be deposited in a bank in the Kingdom, withdrawable only on two signatures.
1 - تتكون موارد الجمعية من المصادر الآتية: أ ) الإعانات الحكومية. ب ) ريع المطبوعات والنشرات، وإيراد تنظيم الندوات والمعارض والدورات. ج ) عائدات استثمار ممتلكات
- Article 20
The Article permits dissolving the Association if it departs from its objectives, commits a serious violation of the Statute, or violates public order or morals, and sends its assets after liquidation to the nearest charitable or humanitarian body in the Kingdom.
1- يجوز حل الجمعية إذا خرجت عن أهدافها، أو ارتكبت مخالفة جسيمة للأحكام المنصوص عليها في هذا التنظيم، أو خالفت النظام العام أو الآداب العامة أو التقاليد المراعاة
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.