1. The General Committee is composed of the following:

• A Chair and a Deputy Chair, selected by the committee members themselves every two years.
• Members who are General Managers or Executive Managers of financing companies in the Kingdom of Saudi Arabia.
• A Secretary and a Deputy Secretary.

1. Financing companies shall appoint a representative from their General Managers or Executive Managers to be members of the General Committee.
2. The Chair and Deputy Chair of the General Committee are appointed by the committee members through a majority vote every two years.
3. The Chair of the General Committee appoints the Secretary and Deputy Secretary every two years.
4. A new Chair for the General Committee must be nominated at the last meeting held at the end of the statutory term (two years) through a majority vote.
5. The Chair or Deputy Chair of the committee cannot be nominated for the same position for two consecutive terms.
6. The roles of Chair of the General Committee and the Executive Committee cannot be held concurrently.
7. The member representing a company shall be relieved of their duties as soon as their employment with the company ends, and the company they represent must nominate another member to replace them.

1. The General Committee shall hold meetings at least once a year. The meetings may also be convened if the Chair deems it necessary or if nine (9) members of the General Committee request it in writing.
2. The General Committee shall hold meetings at the Financial Institute or at a location agreed upon by the majority of the members.
3. A meeting of the General Committee is considered valid if attended by at least two-thirds of the members.
4. All members are required to attend General Committee meetings. A member may delegate a representative from the company to attend and vote at the meetings, provided that the representative is appointed by the company’s senior management.
5. General Committee members cannot delegate other representatives for two consecutive meetings.
6. The General Committee must adhere to the meeting agenda as scheduled.
7. The General Committee makes its decisions in meetings through majority voting.
8. In the event of a tie vote, the Chair’s vote is decisive. Members who disagree should record their objections in the meeting minutes.
9. Members may abstain from voting on any decisions made in the meetings, and the reasons for abstention should be recorded in the meeting minutes.
10. The General Committee may invite any expert to participate in the meetings with the Chair’s approval, without the right to vote.
11. Discussions should be conducted with high professionalism and in an organized manner, and should not include topics not listed in the meeting agenda.
12. All members must maintain the confidentiality of information discussed during the meetings.
13. The Chair must ensure that members adhere to the rules and guidelines governing the committee meetings, which all members are required to follow.

1.Members should inform the Committee Chair of the topics they believe will contribute to achieving the desired goals of the meetings. The Chair should consider the proposed topics when approving the agenda.

2. The agenda should be prepared by the Secretary or their Deputy, including all the topics to be discussed in the meeting, and then approved by the Committee Chair.

3. The Secretary or their Deputy must send the agenda along with the documents to be discussed in the meeting to all Committee members and a copy to the Central Bank representative at least ten (10) working days before the meeting via email.

4. The Secretary must prepare meeting minutes after each Committee meeting, recording the names of attendees, all topics discussed, decisions voted on, objections, and cases of abstention, including reasons if any.

5. The Secretary or their Deputy must send the meeting minutes to all Committee members and the Central Bank representative within ten (10) working days after the meeting via email, before being approved and signed by the Committee Chair and the Secretary. The Secretary should be provided with any comments and feedback within five (5) working days from receiving the meeting minutes.

6. The Secretary must keep all reports and minutes in a manner that allows for easy retrieval. When the Chair's committee, upon the expiration of their term, provide the Central Bank representative with all documents through a handover report. The Central Bank representative will then pass the documents to the new Committee Chair.

General Committee

1.Form an Executive Committee from among its members under the name "Executive Committee," nominate its members, and also nominate three reserve members for the Executive Committee.

2. Provide general guidance and direction to the Executive Committee regarding common issues faced by the finance sector in the Kingdom of Saudi Arabia.

3. Monitor the activities of the Executive Committee for General Managers and evaluate its performance to ensure its effectiveness and achievement of the desired goals.

4. Propose and make necessary amendments to this document and develop it as needed, by majority vote, provided that the Central Bank does not object to these amendments before final approval.

Chair of the Committee

5. Ensure the effectiveness and success of the General Committee, in addition to the ongoing follow-up of all tasks assigned to the General Committee.

6. Develop the General Committee's plans to contribute to the accomplishment and development of the Committee's work.

7. Manage discussions and debates in General Committee meetings and provide a conducive environment in meetings to help achieve the benefits of exchanging views and perspectives efficiently.

8. Communicate with the Executive Committee to ensure tasks and projects assigned to it are progressing as required.

9. Provide the Central Bank's representative with all documents through a handover report at the end of their term, so the representative can then hand over the documents to the new Committee Chair.

10. Sign with the Secretary and approve the final version of the meeting report.

11. Deliver to the Central Bank an updated copy of this document at the beginning of each calendar year, including the desired objectives of any changes made, if applicable.

Vice Chair of the Committee

12. If the Chair of the General Committee is replaced, leaves, or is relieved before the end of their term, the Vice Chair will take their place and assume all their responsibilities.

‏Secretary

13. Prepare all arrangements for meetings, including the meeting venue; organize and coordinate the proposed topics in the agenda and have it approved by the Committee Chair. Responsible for sending the agenda along with the documents to be discussed in the meeting to all Committee members and a copy to the Central Bank representative via email at least ten (10) working days before the meeting.

14. Prepare meeting minutes after each Committee meeting, recording the names of attendees, all topics discussed, decisions voted on, objections, and cases of abstention, including reasons if any.

15. Send the meeting minutes to all Committee members and the Central Bank representative within ten (10) working days after the meeting via email, before they are approved and signed by the Committee Chair and the Secretary. Comments and feedback should be provided to the Secretary within five (5) working days from receiving the report.

16. Sign with the Chair on the final version of the meeting report.

17. Keep all reports and minutes in a manner that allows for easy retrieval.

Deputy Secretary

18. If the Secretary of the General Committee is absent, leaves, or is relieved before the end of their term, the Deputy Secretary will take their place and assume all their responsibilities.

Committee Members

19. Participate in the issues, risks, and challenges facing them that impact the finance sector.

20. Stay informed about all developments in the finance sector, including new regulations and changes to existing rules, whether from the Central Bank or other relevant regulatory bodies, in addition to keeping up with international developments.

21. Adhere to high professionalism by actively participating in the discussions during Committee meetings.