Article 9 of the Saudi Law of Real Estate Development Fund

This Article sets the Board's rules of work in its meetings, the most important being:

1. Frequency of meetings and notice: the Board meets on the call of its Chairman at least every 3 months, and whenever needed. The notice is sent in writing at least 7 days before, and includes the agenda.
2. Quorum: the meeting is valid only with the attendance of a majority of the members, including the Chairman or his deputy. Attendance remotely by electronic technological means counts.
3. Decisions: they are issued by a majority of the votes of the members present at least, and where votes are equal the side the chair of the meeting voted with prevails. The Chairman may invite whomever he sees to provide information or views without a vote.
4. No abstention or proxy: no member may abstain from voting, or delegate another to vote for him in his absence.
5. Minutes: the deliberations and decisions are recorded in minutes signed by the chair of the meeting and the members present.
6. Detailed rules: issued by the Board, including the rules for remote meetings.
7. Place of meeting: at the Fund's headquarters, and where necessary in another place inside the Kingdom.

Note that the Chairman, according to Article 1, is the chairman of the Board, and the Minister according to the same Article is the Minister of Housing.