Regulation Organizing Nazara (Beholding) Activities · Article 5: Conditions for Appointment of the Beholder

1.The beholder may be a natural or legal person, as detailed below:

A.Islam

B.Legal capacity

C.Possession of appropriate knowledge and qualifications to manage the Waqf and care for its affairs.

D.Good conduct and reputation and not having been convicted by a final judgment of a crime involving dishonesty, integrity, or honor.

e.Not having previously been removed from beholding by a final judicial ruling due to lack of integrity.

f.Saudi nationality, where the Endower is a foreigner and the endowed asset is real property.

2.For appointing a legal person, the legal person must be licensed by the Authority.