The letter of the Ministry of Finance referring to the royal decree to “allow government agencies to use income sharing, as one of the contracting methods for securing goods and services, and granting the Minister of Finance the power to approve the rules of income sharing.”
Date of Publication
2022-09-14
Circular number
594
Subject of Circular
The letter of the Ministry of Finance referring to the royal decree to “allow government agencies to use income sharing, as one of the contracting methods for securing goods and services, and granting the Minister of Finance the power to approve the rules of income sharing.”

Content

Honorable members of the Najran Chamber,
Peace, mercy and blessings of God,,,
Reference to the letter of the Federation of Saudi Chambers No. 44100552 dated 02/15/1444 AH, in which reference is made to the letter of the Ministry of Finance No. (5530) dated 02/10/1444 AH, and in which reference is made to the Royal Decree No. (M/33) dated 04/13/1443 AH The judge in item (first) of it “allowing government agencies to use income sharing, so that it is one of the contracting methods for securing goods and services, and granting the Minister of Finance the power to approve the rules of income sharing,” and the issuance of Ministerial Resolution No. , to approve the rules of income sharing, and the non-oil revenue development center will be the party concerned with receiving requests related to the rules of income sharing. GOV.SA .

He informs you of this for information and briefing.
And accept our regards,,,