His Highness Shaikh Mohammed 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, or DFSF.
The board of directors will be chaired by Abdul Rahman Saleh Al Saleh, with Abdulaziz Rahma Al Muhairi as vice-chairman, and Majid Saif Al Ghurair and Dr Riad Mohammed Balhoul as the other board members. They will have a renewable three-year tenure.
Shaikh Mohammed issued another decree forming the board of directors of the Dubai Electricity and Water Authority, or Dewa. The board will be chaired by Matar Humaid Al Tayer and Saeed Mohammed Ahmed Al Tayer; Hilal Khalfan bin Dhaher, Abdulla Mohammed Al Hashimi, Khalfan Ahmed Hareb, Majid Hamad Al Shamsi, Obaid Saeed bin Meshar, Saeed Mohammed Al Shared and Nabil Abdul Rahman Aref will be board members with a renewable three-year tenure. Shaikh Mohammed also issued a law amending Law No. (35) of 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 Courts as a member of the centre’s Higher Board of Directors formed as per Decree No. (29) of 2011.