Tabuk Chamber
Tabuk Chamber is a non-profit entity and one of the twenty-six Chambers of Commerce in the Kingdom of Saudi Arabia. It is a member of the Federation of Saudi Chambers. It was established in 1981 by virtue of a resolution of the Minister of Commerce. It is headquartered in Tabuk and has two branches in the governorates of Al-Wajh and Duba.
Objectives of Tabuk Chamber
Tabuk Chamber seeks to develop various business activities in the commercial sectors, to represent these activities before the ministries, bodies, and public institutions, and to protect and develop them. It aims to develop the business sector in Tabuk Province, namely by attracting new investments, establishing efficient partnerships between the chambers and their adherents, and developing the business environment and resources of the chamber and business sectors in the province.
Board of Directors of Tabuk Chamber
Tabuk Chamber is financially and administratively autonomous. It is affiliated with the Ministry of Commerce. It consists of a general assembly, a board of directors, and a general secretariat. The chamber has a Board of Directors formed every four years. The board's members are appointed by a resolution issued by the Minister of Commerce. The number of members must not exceed eighteen, and no more than one member may be elected to represent a single commercial establishment. Additionally, no member is entitled to run for more than two consecutive terms; a term is considered complete if it exceeds two years.
The board of directors meets once every two months (sixty days) at least, after being convened by the its chairman. Urgent meetings can be held at any time when necessary. Calls for meeting must include the meeting's agenda.
Competences of the board of directors of Tabuk Chamber
The chamber's board of directors is responsible for approving its general policies and developing plans, programs, and projects to support its functions. The board also reviews drafts of administrative and financial regulations, employee-related policies, governance frameworks, and training and scholarship guidelines and submits them to the General Assembly for approval. The board of directors may dispose of the movable and immovable assets of the chamber. It represents the chamber in terms of rental, litigations, loans, and donations approval. It monitors the chamber's performance and its reports. It is responsible for appointing and dismissing the chamber's secretary general, forming sectoral committees and internal committees, and assigning tasks and competences thereto at its discretion.