Article 8 of the Saudi Real Estate Authority Statute
المادة 8 من تنظيم الهيئة العامة للعقار
The article provides that the Authority has a CEO appointed and relieved by decision of the Board on the Chairman's nomination, with the decision setting his pay and financial benefits.
Official text after amendments (Arabic)
Compiled from the original text and every officially published amendment; the amendments are shown in full below for comparison.
يكون للهيئة رئيس تنفيذي يعين ويعفى بقرار من المجلس بناء على ترشيح من الرئيس، ويحدد القرار أجره ومزاياه المالية الأخرى
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 8 explained in plain English
This article governs the appointment of the CEO of the General Authority for Real Estate and his relief:
- The deciding body: the Board of Directors.
- The nomination: on the nomination of the Chairman, who under Article 1 is the Chairman of the Board.
- Appointment and relief: both by decision of the Board; the body that appoints is the one that relieves.
- Pay and benefits: the appointment decision sets his pay and other financial benefits.
The article was amended by Council of Ministers Resolution No. (426) dated 5/8/1443 AH to be in its present text, and by the same resolution the title "CEO" replaced "Governor" in the definitions of Article 1 and other places in the Statute.
This article is linked to Article 9, which sets the CEO's responsibilities and powers: he is responsible for managing the Authority, approves the issuance of licenses within its jurisdiction, and represents it before other bodies and before the judiciary. It is also linked to Article 7, which permits the Board to form permanent or temporary committees, as the Board is the body that appoints the CEO and forms the committees alike.
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 8 of the Saudi Real Estate Authority Statute
Who appoints the CEO of the General Authority for Real Estate?
He is appointed by decision of the Board of Directors on the nomination of the Chairman of the Board.
Who sets the CEO's salary?
The decision appointing him sets his pay and other financial benefits.
Does the post of Governor still exist?
The title CEO replaced Governor by Council of Ministers Resolution No. (426) dated 5/8/1443 AH.
Amendment history
Amendment — 5/8/1443 AH
Official amendment text (Arabic)
- عُدلت هذه المادة وذلك بموجب قرار مجلس الوزراء رقم (426) وتاريخ 1443/8/5هـ، لتكون بالنص الآتي: "يكون للهيئة رئيس تنفيذي يعين ويعفى بقرار من المجلس بناء على ترشيح من الرئيس، ويحدد القرار أجره ومزاياه المالية الأخرى".
Original text before the amendments (Arabic)
يكون للهيئة محافظ بالمرتبة الممتازة، يعين بأمر ملكي بناءً على ترشيح الوزير.
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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.