All high-risking facilities, activities and places potential to see huge crowds, be them governmental or private and run by companies or private establishments, are obliged to provide third party cooperative insurance within their insurance policies provided that the Civil Defense Council will undertake, upon a proposal from the Civil Defense authority, identifying such facilities and activities. 2- The Civil Defense authority will, constantly, be in charge of checking whether this insurance coverage on high-risk private facilities and activities and places potential to see huge crowds was strictly enforced at licensing or during operation or renewal of their licenses. 3- Inserting a new condition in tenders to run government facilities or activities of high-risk or those crowded with people to provide third party cooperative insurance. Third: Upon a recommendation of the Minister of Finance, who is also Chairman of the Board of Directors of the General Investments Fund, the Cabinet agreed to appoint Dr. Saad bin Othman Al-Qasbi as government representative member of the Board of Directors of the Saudi Arabian Basic Industries Corporation (SABIC). Fourth: The Cabinet approved the updated petroleum strategy of the Gulf Cooperation Council (GCC) member states and the petroleum media strategy for the GCC countries endorsed by the GCC supreme council in a summit held in Bahrain during the period from 11-12 Safar 1434 H. on guiding bases provided that the two plans will subject to reviewing every three years. --More 16:55 LOCAL TIME 13:55 GMT تغريد
