Bandar Al-Faisal is Chairman of the Board of Directors of “Al-Olaya Equestrian” in Saudi Arabia

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Bandar Al-Faisal is Chairman of the Board of Directors of “Al-Olaya Equestrian” in Saudi Arabia

Abdulaziz Al-Faisal as his deputy … Abdullah bin Khalid bin Sultan is a member

Monday – 29 Dhu al-Qi’dah 1441 AH – 20 July 2020 AD No. number [
15210]

Equestrian sports receive great attention from the government of the Kingdom (Middle East)

Riyadh: «Middle East»

A royal decree was issued yesterday, appointing Prince Bandar Al-Faisal, Chairman of the Horse Racing Club, as Chairman of the Board of Directors of the High Equestrian Authority, and appointing Prince Abdulaziz Al-Faisal as Vice-Chairman of the Board of Directors, and appointing Prince Abdullah bin Khalid bin Sultan as a member of the Board of Directors.
For his part, Prince Bandar Al-Faisal, Chairman of the Board of the High Equestrian Authority and Chairman of the Horse Racing Club Board of Directors, extended his thanks and gratitude to the Custodian of the Two Holy Mosques King Salman bin Abdulaziz.
Al-Faisal expressed his pride, his colleagues, and his brothers, the members of the Board of Directors, with this generous confidence, which is a great honor for the service of this ancient sport, in order to achieve the aspirations of the leadership in everything that promotes Saudi Equestrian, and puts it in its appropriate position, in light of the support and interest of the Custodian of the Two Holy Mosques who had the hands Al-Bayda and the stances attested to horsemanship throughout its history, appreciating the follow-up of Prince Mohammed bin Salman, Crown Prince, Deputy Prime Minister and Minister of Defense «who is keen to develop and raise equestrian sport, and always directs to harness all potentials in order to reach this authentic sport to the level befitting the Kingdom’s position in All Areas”.
Prince Bandar Al-Faisal said that he and his fellow members of the Board of Directors will work on everything that embodies the directions of good leadership, and what promotes Saudi equestrian, and fulfills the aspirations of its fans and those interested in them in all fields.
And earlier, it was decided that the High Equestrian Commission would have legal personality, financial and administrative independence, to be associated with the Prime Minister, in accordance with the recent regulations approved and approved by the Council of Ministers after a recommendation from the Council of Economic Affairs and Development, so that the authority aims to develop the equestrian sector in Saudi Arabia, in proportion to its civilizational value, and its connection to heritage and culture.
The new organizations of the commission included many articles that would develop the game, and support horse owners and their producers, in addition to supporting Saudi riders, as well as supporting horse production “locally”, and setting standards for facilities in all regions of Saudi Arabia, in addition to working and planning international championships hosted by Saudi Arabia .
The board of directors of the commission consists of a president appointed by royal decree, membership of both the board chairman of the Equestrian Club, the president of the Saudi Equestrian Federation, the chairman of the Board of Directors of the King Abdulaziz Center for the Pure Arab Horses, and representatives of government agencies «the Ministry of Finance, the Ministry of Environment, Water and Agriculture, and the Ministry of Municipal Affairs And the village, and the Ministry of Sports, and the General Authority of Customs », in addition to three experts or specialists in the fields of equestrian, are appointed by a decision of the Council of Ministers.
According to the recent amendments approved by the Council of Ministers, the authority’s board of directors meets twice in one fiscal year, at least, in addition to meetings as needed when requesting one third of the council’s members, provided that this is done in writing to the council’s president seven days before the meeting date, provided that the invitation includes The agenda. Decisions shall be issued by a majority of the votes of the attendees at least. On equal terms, the side with which the Speaker voted, with the possibility of holding meetings and voting on decisions “at a distance,” whenever the need arises.
According to Article Seven of the regulations of the High Equestrian Authority, the Authority shall have a Secretary-General, who shall be appointed and exempted by a decision of the Council, specifying his remuneration and other financial benefits, and he is the executive responsible for managing the Authority and representing it before the judiciary, or whoever he delegates, and other relevant government agencies.
With regard to the Authority’s financial resources, it depends on what is allocated to it in the general budget of the state, in addition to obtaining a financial compensation for the services and works that it provides, along with the returns of investing its fixed funds, in addition to the gifts, endowments, wills, donations or grants accepted by the Council, as well as any Another resource approved by the Board, in a manner that does not violate the regulations and instructions, with the necessity of depositing all the Authority’s revenues in a current account of the Ministry of Finance with the Saudi Arabian Monetary Agency.
According to Article 1, all employees of the Higher Equestrian Commission are subject to the labor and social insurance systems, and finally the board of the commission appoints an external auditor from those licensed to work in Saudi Arabia to audit the authority’s accounts, transactions, data, annual budget and final account, provided that the council determines its fees, while submitting an audit report Accounts to the Council, and to provide the General Accounting Bureau with a copy of this report.

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