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Is KAPSARC a company or a Government organization?

April 26, 2017COMPANY government kapsarc organization

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Is KAPSARC a company or a Government organization?

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A. KAPSARC is neither a company nor a government agency. KAPSARC is a non-profit research center with an independent legal entity. The Center is governed by a Board of Trustees, chaired by the Minister of Petroleum & Mineral Resources of the Kingdom of Saudi Arabia. An International Advisory Council (IAC), consisting of members of national, regional and international stature, is assisting the Center in guiding the strategic issues and in aligning the research programs for the Center. The President of KAPSARC serves as the Chief Executive Officer (CEO) and is responsible for the development and execution of its plans, following approval from the Board of Trustees.