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

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

Conditions for appointing a natural person:

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.

The competent authority shall verify that all conditions set out in this Article are met before appointing any person as a beholder.

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