Article 6 of the Saudi GCC Nationals Real Estate Ownership Statute

This is a closing article that regulates the regulation's effect, its relationship to what came before and who interprets it, and contains three provisions:

1. Replacing the previous regulation: this regulation replaces the regulation approved by the Supreme Council at its twentieth session, so the current regulation is the reference.
2. Start of application and review: the regulation is applied three months after the Supreme Council approves it, and it is reviewed with the aim of developing and improving it three years after it starts to apply.
3. Interpretation: the Financial and Economic Cooperation Committee has the right to interpret the articles of the regulation, so if a dispute arises over the meaning of one of its articles, its interpretation is the reference.

The article does not state the date of the Supreme Council's approval or the results of the review, so the actual date of the start of application cannot be determined from its text alone. Nor does the article set out the content of the previous regulation.

The importance of this article to the reader is that the provisions relied on for owning real estate, as in Articles 1 to 5, are those of this regulation, not the previous one. Where an approved interpretation of an article is needed, a lawyer specialized in real estate cases can be consulted.