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General UAE Legal Questions LawLaw No. (1) of 2014

Dubai Law·1 of 2014

Issued Date
January 15, 2014
Effective from
January 15, 2014
Articles
8
Last synced
Sep 7, 2026
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Plain-language summary

Converts Dubai Aluminium Corporation from a public corporation into a private joint stock company named Dubai Aluminium Company PJSC with authorized share capit…

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

Article-level text

Key Articles

8 articles

  1. 1

    Article 1

    Article (1) The following words and expressions, wherever mentioned in this Law, will have the meaning indicated opposite each of them unless the context implies otherwise: UAE: The United Arab Emirates. Emirate: The Emirate of Dubai. ©2015 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.

    -- 1 of 3 --

    Law No. (1) of 2014 Converting Dubai Aluminium Corporation into a Private Joint Stock Company Page 2 of 3 Ruler: His Highness the Ruler of Dubai. Government: The Government of Dubai. Company: Dubai Aluminium Company PJSC. Board of Directors: The board of directors of the Company. Shareholder: DUBAL Holding Company LLC. Converting the Legal Form of Dubai Aluminium Corporation

  2. 2

    Article 2

    Article (2) Pursuant to this Law, Dubai Aluminium Corporation is converted from a public corporation into a private joint stock company named “Dubai Aluminium Company PJSC”. Head Office of the Company

  3. 3

    Article 3

    Article (3) The head office of the Company will be located in the Emirate. The Company may establish branches within and outside of the UAE. Share Capital of the Company

  4. 4

    Article 4

    Article (4) a. The authorised share capital of the Company will be three billion Dirhams (AED 3,000,000,000.00), divided into three million (3,000,000) shares of one thousand Dirhams (AED 1,000.00) each, fully subscribed and paid up by the Shareholder. b. The Shareholder may, in accordance with the Articles of Association of the Company, sell, transfer, assign, mortgage, or in any legal manner dispose of the shares it holds in the share capital of the Company. Memorandum and Articles of Association of the Company

  5. 5

    Article 5

    Article (5) The Company’s Memorandum and Articles of Association attached to this Law are deemed an integral part of this Law.

    -- 2 of 3 --

    Law No. (1) of 2014 Converting Dubai Aluminium Corporation into a Private Joint Stock Company Page 3 of 3 Transfer of Rights and Obligations

  6. 6

    Article 6

    Article (6) a. On the date this Law comes into force, the rights and obligations of Dubai Aluminium Corporation will be transferred to the Company. b. Employees of Dubai Aluminium Corporation will retain their rights existing by the date this Law comes into force. Repeals

  7. 7

    Article 7

    Article (7) a. The above-mentioned Law No. (17) of 2011 and Decree No. (11) of 2013 are hereby repealed. Any provision in any other legislation will also be repealed to the extent that it contradicts the provisions of this Law. b. The legislation applicable to Dubai Aluminium Corporation prior to the effective date of this Law will remain in force to the extent that it does not contradict the provisions of this Law, until new superseding legislation is issued. Commencement and Publication

  8. 8

    Article 8

    Article (8) This Law 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 15 January 2014 Corresponding to 14 Rabi al-Awwal 1435 A.H.

    -- 3 of 3 --

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

Articles in this law(8)
  1. 1Article (1) The following words and expressions, wherever mentioned in this Law,
  2. 2Article (2) Pursuant to this Law, Dubai Aluminium Corporation is converted from
  3. 3Article (3) The head office of the Company will be located in the Emirate. The C
  4. 4Article (4) a. The authorised share capital of the Company will be three billion
  5. 5Article (5) The Company’s Memorandum and Articles of Association attached to thi
  6. 6Article (6) a. On the date this Law comes into force, the rights and obligations
  7. 7Article (7) a. The above-mentioned Law No. (17) of 2011 and Decree No. (11) of 2
  8. 8Article (8) This Law comes into force on the day on which it is issued, and will
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