القانون الرياضي في الإماراتLaw No. (11) of 2017 Establishing the Dubai Sports Corporation

Article (2) The following words and expressions, wherever mentioned in this Law, will have the meaning indicated opposite each of them unless the context implies otherwise: Emirate: The Emirate of Dubai. Government: The Government of Dubai. Club: The Shabab Al Ahli Dubai Club. DSC: The Dubai Sports Corporation. Board of Directors: The board of directors of the DSC. ©2021 The Supreme Legislation Committee in the Emirate of Dubai 1 Every effort has been made to produce an accurate and complete English version of this legislation. However, for the purpose of its interpretation and application, reference must be made to the original Arabic text. In case of conflict, the Arabic text will prevail.

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Law No. (11) of 2017 Establishing the Dubai Sports Corporation Page 2 of 8 Chairman: The chairman of the Board of Directors. Sports Clubs: The sports clubs merged into Al Ahli Sports Club pursuant to the above- mentioned Resolution No. (7) of 2017. Establishment of DSC

Article (5) The DSC aims to support the budget of the Club by owning, managing, and investing all types of movable and immovable assets and property and tangible, intangible, intellectual, and investment rights and property, whether they are owned by the Club, the Sports Clubs, or others. For this purpose, the DSC will have the duties and powers to: 1. own, lease out, rent, invest, use, develop, utilise, sell, and purchase the movable and immovable property, materials, devices, and equipment required for the achievement of its objectives; 2. invest the property of the DSC and dispose of them in any legal manner; 3. acquire rights related to intellectual property, trademarks, trade names, and patents; and all rights and designs relevant to the achievement of the DSC objectives; 4. establish, wholly own, or own shares in, corporations and companies operating in fields related to the work of the DSC; and purchase and sell the assets of, and shares in, the companies owned by the DSC;

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Law No. (11) of 2017 Establishing the Dubai Sports Corporation Page 3 of 8 5. open and manage accounts with banks and other financial institutions within and outside of the Emirate; obtain the necessary loans and credit facilities; and provide appropriate guarantees and mortgage security, including the mortgage of assets, property, etc.; 6. provide construction, implementation, marketing, and management services in respect of buildings, and commercial and real property; 7. enter into partnerships and agreements with corporations, individuals, and companies within and outside of the Emirate, in relation to any projects or fields that are relevant to the achievement of the objectives of the DSC; and 8. exercise any other duties or powers required for the achievement of the objectives of the DSC. Organisational Structure of the DSC

Article (8) a. The Chairman will undertake the general supervision of the work and activities of the DSC and will represent it in its relations with third parties. In particular, the Chairman will have the duties and powers to: 1. approve the general policy and the strategic and development plans of the DSC; 2. approve the annual draft budget of the DSC;

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Law No. (11) of 2017 Establishing the Dubai Sports Corporation Page 4 of 8 3. approve the financial statements of the DSC and submit the same to the President of the Club or his authorised representative for final approval; 4. approve the financial approval powers at the DSC; open, close, and withdraw funds from, bank accounts; and obtain loans in the name of the DSC; 5. approve the rules relating to management of the bank accounts of the DSC; 6. enter into the contracts and agreements required for the achievement of the objectives of the DSC; 7. approve the organisational structure of the DSC; and the resolutions and bylaws which regulate its administrative, financial, and technical work; 8. supervise and follow up the performance by the Board of Directors of the functions assigned to it under this Law and the resolutions issued in pursuance hereof; 9. supervise the work of the executive body of the DSC and appoint competent and specialised employees; and 10. perform any other duties assigned to him by the President of the Club. b. The Chairman may delegate any of his powers under paragraph (a) of this Article to any member of the Board of Directors, provided that this delegation is specific and in writing. Functions of the Board of Directors

Article (9) The Board of Directors will manage the DSC and undertake the general supervision of its administrative, technical, and financial affairs, and will pass the resolutions and take the actions it deems appropriate for the achievement of the objectives of the DSC. In particular, the Board of Directors will have the duties and powers to: 1. approve the general policy and the strategic, development, and operational plans of the DSC and submit the same to the Chairman for final approval; 2. approve the draft annual budget of the DSC and submit it to the Chairman for final approval; 3. discuss the financial statements of the DSC and submit the same to the Chairman for approval; 4. approve the organisational structure and the bylaws regulating the administrative, financial, and technical work of the DSC, and submit the same to the Chairman for final approval; 5. propose initiatives, programmes, projects, and recommendations related to the work and activities of the DSC, and submit the same to the Chairman for approval; 6. appoint auditors and determine their remuneration at the beginning of each financial year;

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Law No. (11) of 2017 Establishing the Dubai Sports Corporation Page 5 of 8 7. form permanent and temporary sub-committees and work teams; and determine their duties, powers, and tenures; 8. seek assistance, in performing its duties, from experts and specialists as it deems appropriate; and 9. prepare annual and semi-annual reports on the DSC activities and financial position, and submit the same to the Board of Directors for approval; 10. implement the directives and instructions of the President of the Club or his authorised representative in respect of the annual and semi-annual reports on the DSC activities and financial position; and 11. exercise any other duties or powers assigned or delegated to it by the Chairman or the President of the Club. Meetings of the Board of Directors

Article (10) a. The Board of Directors will convene at the invitation of the Chairman, or in his absence by the vice chairman, at least four (4) times a year, and where required. Meetings of the Board of Directors will be valid if attended by the majority of its members, provided that the Chairman or vice chairman is in attendance. b. The Board of Directors will pass its resolutions and recommendations by majority vote of attending members; and in the event of a tie, the chair of the meeting will have a casting vote. c. Resolutions of the Board of Directors will be recorded in minutes signed by the chair of the meeting and attending members. d. A rapporteur will be appointed to the Board of Directors by the Chairman. The rapporteur will be responsible for sending meeting invitations to the members of the Board of Directors, preparing meeting agendas, recording minutes of meetings, following up the implementation of the Board of Directors resolutions and recommendations, and performing any other duties assigned to him by the Chairman. e. The Board of Directors may invite experienced and specialised persons, as it deems appropriate, to attend its meetings, provided that these persons will not have a vote in its deliberations. f. In the event of absence of the Chairman or in case of any other impediment on his part, the vice chairman will act as the Chairman, and will exercise all the duties assigned to the Chairman under this Law and the resolutions issued in pursuance hereof.

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Law No. (11) of 2017 Establishing the Dubai Sports Corporation Page 6 of 8 Executive Body of the DSC

Article (14) a. The DSC will have an independent budget which reflects its actual financial position. b. In regulating its accounts and records, the DSC will follow the rules and principles of commercial accounting in accordance with the internationally recognised standards. The financial year of the DSC will commence on 1 January and will end on 31 December of each year, except that the first financial year will commence as of the date this Law comes into force and will end on 31 December of the following year. c. The DSC and its affiliated companies are exempt from all types of local taxes and fees.

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Law No. (11) of 2017 Establishing the Dubai Sports Corporation Page 7 of 8 Financial Resources of the DSC

Article (16) a. As of the effective date of this Law, all movable and immovable assets and property and tangible, intangible, intellectual, and investment rights and property registered in the name of the Club and the Sports Clubs are hereby transferred to the DSC. In addition, all the obligations of the Club and the Sports Clubs in relation to these rights, assets, and property will be transferred to the DSC. b. All concerned entities in the Emirate, including the Dubai Municipality and the Land Department, must identify all real property and other property registered in the name of the Club and the Sports Clubs; and must take all necessary action to register that property, and the relevant rights, assets, and investments, in the name of the DSC. Repeals