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Decree

General UAE Legal Questions LawDecree No. (40) of 2015

Dubai Law·40 of 2015

Issued Date
December 27, 2015
Effective from
December 27, 2015
Articles
2
Last synced
Jul 20, 2026
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Plain-language summary

Establishes the Board of Directors of the Dubai Financial Services Foundation with designated chairman, vice chairman, and members to oversee the organization's…

Synced from the official UAE Legislation portal · Plain-language summary by the LEXAI editorial team

Article-level text

Key Articles

2 articles

  1. 1

    Article 1

    Article (1) a. The Board of Directors of the DFSF is hereby formed as follows: 1. Mr. Abdul Rahman Saleh Al Saleh, as chairman; 2. Mr. Majid Saif Al Ghurair, as vice chairman; 3. Dr. Riad Mohammad Belhoul, as member; 4. Mr. Arif Abdul Rahman Ahli, as member; and 5. Mr. Hamdan Khalifa Al Shaer, as member. The membership of the Board of Directors will be for a renewable term of three (3) years. b. Where the Board of Directors is not reconstituted upon expiry of the term of membership of the members mentioned in paragraph (a) of this Article, these members will continue to perform their duties until they are reappointed or replaced by new members. ©2016 The Supreme Legislation Committee in the Emirate of Dubai 1Every 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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    Decree No. (40) of 2015 Forming the Board of Directors of the Dubai Financial Support Fund Page 2 of 2 Commencement and Publication

  2. 2

    Article 2

    Article (2) This Decree comes into force on the day on which it is issued, and will be published in the Official Gazette. Mohammed bin Rashid Al Maktoum Ruler of Dubai Issued in Dubai on 27 December 2015 Corresponding to 16 Rabi al-Awwal 1437 A.H.

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Note: This legislation is sourced from the Dubai Legislation Portal (dlp.dubai.gov.ae). The original Arabic text is the authoritative version.

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