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Law No. 12 of 1972 on Mandatory Pricing and Fixing Profits

Law Summary Record Type: LawNumber: 12Date: 03/04/1972 Corresponding to 19/02/1392 HijriNumber of Articles: 13Status: In force
Official Gazette :Issue: 4Offcial Journal Issue Publication Date: 01/01/1972 Corresponding to 15/11/1391 HijriPage from: 1342
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  1. from 03/04/1972
    To 31/07/2001
  2. from 14/04/2013
  3. from 31/07/2001
    To 14/04/2013
  1. Article 3 ( Amended By Law 14 / 2001 )
    Starting Date: 03/04/1972 Expiry Date : 31/07/2001

    The Minister of Business and Trade may by decision impose the following obligations:

    1.    That owners of hotels, restaurants, cafes, buffets and other public shops designated to sell food and beverages declare their prices.
    2.    That hoteliers and similar operators designated to accommodate the public declare their accommodation rates.
    3.    That retailers and street vendors declare their prices.
    4.    That artisans and the like declare the prices of services they render.
  2. Article 3
    Starting Date: 14/04/2013

     

    The Minister of Economy and Commerce may oblige, by decisions:
     
    1.     Owners of hotels, restaurants, cafes, buffets and other public shops designated for the sale of meals, foods and beverages, to declare selling prices in these places.
    2.     Hoteliers and similar places designated to accommodate the public to declare accommodation rates.
    3.     Retailers and street vendors to declare the prices of whatever they offering for sale.
    4.     Artisans and the like to declare the prices of services and businesses they render.
     
  3. Article 3 ( Amended By Law 5 / 2013 )
    Starting Date: 31/07/2001 Expiry Date : 14/04/2013

    The Minister of Business and Trade may oblige, by decisions:

    1.    Owners of hotels, restaurants, cafes, buffets and other public shops designated for the sale of meals, foods and beverages, to declare selling prices in these places.
    2.    Hoteliers and similar places designated to accommodate the public to declare accommodation rates.
    3.    Retailers and street vendors to declare the prices of whatever they offering for sale.
    4.    Artisans and the like to declare the prices of services and businesses they render.

Article 3 - (Amended By Law 5 /2013)
Starting Date : 14/04/2013

 

The Minister of Economy and Commerce may oblige, by decisions:
 
1.     Owners of hotels, restaurants, cafes, buffets and other public shops designated for the sale of meals, foods and beverages, to declare selling prices in these places.
2.     Hoteliers and similar places designated to accommodate the public to declare accommodation rates.
3.     Retailers and street vendors to declare the prices of whatever they offering for sale.
4.     Artisans and the like to declare the prices of services and businesses they render.
 

Last Article Text (Amended By Law 14 / 2001)
Starting Date : 31/07/2001 Expiry Date: 14/04/2013

The Minister of Business and Trade may oblige, by decisions:

1.    Owners of hotels, restaurants, cafes, buffets and other public shops designated for the sale of meals, foods and beverages, to declare selling prices in these places.
2.    Hoteliers and similar places designated to accommodate the public to declare accommodation rates.
3.    Retailers and street vendors to declare the prices of whatever they offering for sale.
4.    Artisans and the like to declare the prices of services and businesses they render.

Last Article Text
Starting Date : 03/04/1972 Expiry Date: 31/07/2001

The Minister of Business and Trade may by decision impose the following obligations:

1.    That owners of hotels, restaurants, cafes, buffets and other public shops designated to sell food and beverages declare their prices.
2.    That hoteliers and similar operators designated to accommodate the public declare their accommodation rates.
3.    That retailers and street vendors declare their prices.
4.    That artisans and the like declare the prices of services they render.

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