The draft rules aim at establishing a regulatory framework for reporting unknown endowments, renewal endowments, and achieving donors’ goals, as well as encouraging the public to report unknown Endorsements.
In order to enhance the role of endowments in economic and social development and social solidarity, the General Authority for Endowments was established as a public authority with a legal personality that enjoys financial and administrative independence and is linked to the Prime Minister and with a clear strategy that charted its way to advance the endowment sector in the Kingdom of Saudi Arabia and to maintain its organization, development, and development, which makes it a role in achieving sustainability for the non-profit sector.
The General Authority for Awqaf (GAA) works to serve its customers with high efficiency to achieve their satisfaction and provide them with distinguished services
Endowment Registration
One of the roles of the GAA is to register endowments after they have been documented. Accordingly, the service of endowment registration with an electronic deed was launched for public and legal individuals.