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Regulation Organizing the Management of Awqaf in Universities · Article 16

Unofficial translation; refer to the original text in case of differences.

Source scope
Shared sources
Source type
Law
Reference
45/16/5
Issuing body
مجلس شؤون الجامعات
Issued on
2023-08-30

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Transcribed text

Article 16

Citation linkLink to this edition

Subject to the condition of the endower, the assets and revenues of the university awqaf are invested and developed according to rules and policies approved by the University Awqaf Council, including:

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1.Establishing companies, participating in their establishment, or becoming a partner or shareholder in them, in adherence to the prescribed regulatory procedures.

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2.Short-term or long-term investments in various fields, including commercial, service, industrial, real estate, technological, financial, banking, medical, food, and pharmaceutical sectors.

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