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Universities Law · Article 49

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

Source scope
Shared sources
Source type
Law
Reference
م/27
Issuing body
مرسوم ملكي
Issued on
2019-10-30

This link identifies the text in the selected edition.

Transcribed text

Article 49

Citation linkLink to this edition

University revenues shall consist of the following:

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1.Subsidies allocated by the State, pursuant to the rules governing the university funding program.

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2.Fees for academic programs, diplomas, and courses, as well as services rendered by the university.

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3.Donations, gifts, grants, bequests, and awqaf.

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4.Proceeds generated from university’s properties, investments, and awqaf.

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5.Other financial resources approved by the board of trustees, provided that they are consistent with the university’s objectives.

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The university and university awqaf shall open separate accounts with the Saudi Arabian Monetary Authority, and they may open other accounts with any licensed bank in the Kingdom for the deposit of revenues. Disbursements therefrom shall be made pursuant to the rules approved by the Council of University Affairs.

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