المادة 7(f): Instructions for Opening Investment Accounts for Legal Persons

f) Opening Investment Accounts for Governmental Entities To open an investment account for a governmental entity (Saudi or from another GCC member state), the capital market institution must obtain and verify information of the following documents: -The main documents of the governmental entity according to its administrative regulations and relevant laws. -The resolution of the competent person in the governmental entity to assign the authorised signatories that will open and operate the investment account, and the Identification Documents of such signatories. -The approval of the Ministry of Finance issued for the Saudi governmental entity to open the investment account, unless there are legal provisions issued by the competent authority that explicitly give the right to such governmental entity to invest in securities.