Regulation Organizing the Management of Awqaf in Universities · Article 9

1.Supervising the university awqaf and its management.

2.Overseeing the awqaf supervisors of the university and monitoring their work without interfering with the conditions set by the endower, if any.

3.Appointing supervisors for awqaf that do not have a designated supervisor from the endower, in accordance with the appointment conditions and procedures set by the General Authority of Awqaf (GAA).

4.Proposing the strategic plan, general policies, and internal regulations of the university awqaf.

5.Proposing the annual budget of the university awqaf.

6.Recommending the appointment of an external auditor for the university awqaf, based on the nomination of the audit committee.

7.Proposing financial and accounting policies as well as procedures for the university awqaf.

8.Deliberating on the final accounts and annual report of the university awqaf as part of the preparation for their approval by the University Awqaf Council.

9.Appointing a secretary-general for the Supervision Council and determining their financial rewards, benefits, duties, and rights, as well as the duration of their appointment.

10.Appointing a financial controller for the university awqaf.

11.Overseeing the investments of the university awqaf, monitoring their performance, and providing regular reports on these activities to the University Awqaf Council.

12.Proposing the establishment of companies and entities affiliated with the university awqaf or participating as a partner or shareholder in existing companies, in accordance with the applicable regulations.

13.Forming permanent committees within the university waqf, such as the audit committee.

14.Proposing the establishment of branches for the university waqf within the Kingdom.

15.Supervising the processes of registering awqaf, their assets, and their supervisors, renewing their registration periodically, and documenting any changes that occur in the university waqf or its assets, in compliance with the regulations and rules of the General Authority of Awqaf (GAA)