Dubai: His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, in his capacity as the Ruler of Dubai, has issued a decree establishing the Board of Directors of the Dubai Financial Support Fund.
The board of directors will be chaired by Abdul Rahman Saleh Al Saleh, with Abdul Aziz Rahma Al Muhairi as Vice-Chairman, and Majid Saif Al Ghurair and Dr Riad Mohammad Balhoul as the other board members. They will have a renewable three-year tenure.
Shaikh Mohammad issued another decree forming the Board of Directors of the Dubai Electricity and Water Authority (Dewa).
Under this, the Board will be chaired by Matar Humaid Al Tayer and Saeed Mohammad Ahmad Al Tayer. Hilal Khalfan Bin Dhaher, Abdulla Mohammad Al Hashimi, Khalfan Ahmad Hareb, Majid Hamad Al Shamsi, Obaid Saeed Bin Meshar, Saeed Mohammad Al Shared and Nabil Abdul Rahman Aref will be board members with renewable three-year tenure.
If their membership expires and no other members are appointed instead of them, they continue to perform their duties until they are reappointed or others are appointed instead of them.
In the second item of this decree, it is outlined that Saeed Mohammad Ahmad Al Tayer will continue in his capacity as Managing Director to run the authority’s business.
Shaikh Mohammad also issued a law amending Law No. (35) for 2009 concerning Management of the Public Funds of the Government of Dubai and a decree appointing the Chief Justice of the Dubai International Financial Centre (DIFC) courts as a member of the centre’s Higher Board of Directors formed as per Decree No. (29) of 2011.
The law and decrees shall be effective from the date of issuance and shall be published in the Official Gazette.
