Article (9)
The Board of Directors will undertake the general supervision of the administrative,
technical, and financial affairs of the DFSF; and will take the decisions and procedures
it deems appropriate to achieve its objectives, including to:
1. lay down the general policy of the DFSF and its affiliated corporations and
companies, and determine their programmes and projects;
2. obtain loans and finance as required to achieve the objectives of the DFSF and of
its affiliated entities, and provide all sureties and guarantees required for this
purpose;
3. establish corporations, companies, commercial enterprises, offices, and branches;
and purchase and sell assets and shares;
4. propose the standards and rules for providing financial support by the DFSF;
5. propose the strategic projects and entities entitled to receive support, and submit
the proposals to the SFC for approval;
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6. approve financial, administrative, and technical bylaws as required for the business
of the DFSF, and submit the same to the SFC for final approval;
7. regulate the procedures for contracting with any parties, including the loan
agreements concluded by the DFSF with entities entitled to financial support; and
submit such procedures to the SFC for approval;
8. form permanent and temporary committees and work teams, with members from
the Board of Directors or otherwise, and determine their duties and powers;
9. approve the organisational structure of the DFSF and submit the same to the
Executive Council for final approval;
10. approve the draft annual budget of the DFSF and submit the same to the SFC for
final approval;
11. approve the annual report on the activities of the DFSF and submit the same to the
SFC for final approval;
12. perform any other duties assigned to it by the Director General or the SFC within
the scope of the duties and objectives of the DFSF.
