Appointment and vacancy of the office
SECTION 3: THE CHIEF EXECUTIVE
ARTICLE (11)
APPOINTMENT AND VACANCY OF THE OFFICE
A- The Authority shall have a Chief Executive appointed by virtue of a Royal Decree, upon the recommendation of the Board of Directors, for a term of three years.
The appointment of the Chief Executive shall be renewed for two similar terms, only.
B- If the position of the Chief Executive’s shall become vacant for any reason, a replacement shall be appointed in the same manner, and by virtue of the same devise stated in the previous clause.
C- The Board of Directors may issue a resolution to appoint a Deputy Chief Executive whose functions shall include performing the duties of the Chief Executive in such cases and for such durations, as stipulated in the internal regulations. The resolution of appointment of the Deputy Chief Executive shall be published in the Official Gazette.
D- If the office the of the Chief Executive shall become vacant, and in the event of failure to appoint a Deputy Chief Executive in accordance with the above Paragraph, the Board of Directors shall issue a resolution to designate the Chairman, or any other member of the board or the staff of the Authority, as nominated by the chairman, to carry out the duties of the Chief Executive on an interim basis. Such a Resolution shall be published in the Official Gazette.