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Article 9: Financial Resources

  1. The NCC’s financial resources shall be as follows:
    a) Allocations in the State budget.
    b) Fees for the services rendered by the NCC.
    c) Gifts, donations, endowments, and bequests accepted by the Board.
    d) Any other resource approved by the Board not inconsistent with the laws and instructions.
  2. The NCC’s funds shall be deposited in  the Ministry of Finance’s current account with the Saudi Central Bank. Disbursement from such account shall be made in accordance with the NCC’s approved budget.
  3. The NCC shall open an account with the Saudi Central Bank and may open other accounts with any bank licensed to operate in the Kingdom. Disbursement from such accounts shall be made in accordance with the NCC’s budget.