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General UAE Legal Questions LawLaw No. (19) of 2005

Dubai Law·19 of 2005

Issued Date
December 28, 2005
Effective from
December 28, 2005
Articles
3
Last synced
Sep 14, 2026
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Plain-language summary

Amends Law No. 1 of 2001 to authorize the PCFC to finance its projects and those of its affiliates or subsidiaries through various financing options including b…

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

Article-level text

Key Articles

3 articles

  1. 1

    Article 1

    Article (1) The following Article (5) bis is hereby inserted into the above-mentioned Law No. (1) of 2001:

  2. 2

    Article 2

    Article (2) This Law will be published in the Official Gazette and will come into force on the day on which it is issued. Maktoum bin Rashid Al Maktoum Ruler of Dubai Issued in Dubai on 28 December 2005 Corresponding to 26 Thu al-Qidah 1426 A.H.

    -- 2 of 2 --

  3. 5

    Article 5

    Article (5) bis The PCFC is hereby authorised to finance its projects or those of any of its Affiliates or Subsidiaries through any financing options, including through borrowing; through issuing bonds, Islamic bonds ( sukuk), or Islamic partnership bonds ( Musharaka sukuk), or through trading in any other financial instruments issued by any source it deems appropriate. For this purpose, the PCFC may provide, or authorise its Affiliates or Subsidiaries to provide, any financial security, concession, or guarantee or create any mortgage/ pledge to obtain such finance. The PCFC may also mortgage and sell land. ©2020 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.

    -- 1 of 2 --

    Law No. (19) of 2005 Concerning the Financing of the Projects of the Ports, Customs, and Free Zone Corporation Page 2 of 2

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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