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Effective from Mar 10 2021 - Mar 09 2021 To view other versions open the versions tab on the right
The Bank shall have a full-time governor at the rank of Minister; his appointment and benefits shall be determined pursuant to a royal order. The Governor shall manage the Bank’s activities, implement its policies, and carry out its duties. He shall also carry out, in accordance with this Law, any other activities he deems necessary and appropriate, particularly the following:
1.
Implementing Board decisions.
2.
Providing periodic reports to the Board regarding Bank operations, activities, and achievements.
3.
Providing recommendations to the Board regarding matters falling within its jurisdiction.
4.
Representing the Bank before the judiciary and in its relationship with others, and he may delegate such duty.
5.
Carrying out Bank duties and exercising its powers according to the guidelines and authority matrix endorsed by the Board.
6.
Proposing Bank strategies and operational plans.
7.
Concluding agreements and contracts.
8.
Appointing Bank staff, contracting with experts and consultants within the Kingdom or abroad, and determining their benefits, subject to Board endorsement.
9.
Establishing cash centers and appointing agents and correspondents.
The Governor may delegate some of his powers to whomever he deems fit from among Bank staff.
