Article (4)
The Authority shall be the sole entity responsible for the investment and reinvestment of the
Funds Allocated for Investment, which are designated for this purpose by the Cabinet. It shall,
on behalf of the Federal Government, invest and reinvest these funds in an efficient manner
that achieves profitable investment returns to contribute to the provision of the financial
revenues necessary to support the budget of the Federal Government. For the purpose of
achieving the foregoing, the Authority may undertake the following:
1. Contribute to the formulation and coordination of the reserve fund investment policy for
the Federal Government in a manner that ensures the achievement of profitable
investment returns;
2. Hold, on behalf of the Federal Government, the Funds Allocated for Investment, manage
and invest them, collect the returns generated therefrom, and reinvest them in accordance
with the provisions stipulated in this Decree by Law;
3. Represent the Federal Government in investment projects and funds established between
the State and foreign public or private legal persons, pursuant to a resolution of the
Cabinet;
4. Provide technical and administrative support to the Federal Government authorities
responsible for negotiating with the governments of foreign countries for the purpose of
concluding international agreements to avoid double taxation, free trade, or for the
promotion and protection of investment, or other agreements related to investment
activities between the State and other countries;
5. Contribute, with the competent authorities in the State, to the development of economic
development strategies and programs;
6. Support educational and training activities, and development research related to the
Authority's activities, including the establishment and setting up of institutes specialized
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Federal Decree by Law of 2007 Regarding the Establishment of the Emirates Investment Authority 4
in investment operations, the sponsorship of educational missions for undergraduate,
postgraduate, or specialized studies related to the purposes and activities of the Authority,
as well as the follow-up of their training and employment within the Authority or within
other financial and investment institutions in the State, in coordination with other
competent entities;
7. Contribute to proposing legislation related to any of the aforementioned purposes;
8. Invest and reinvest in any properties, rights, or assets, whether tangible, intangible, or
mixed, including but not limited to, all types of shares, bonds, securities, financial and
commercial instruments, foreign currencies, precious metals, merchandise, goods, futures
contracts, mineral materials, and all other materials, goods, and documents capable of
being invested;
9. Grant loans to companies owned by the Authority or in which it contributes to its capital,
or for the purpose of acquiring stakes or shares in the borrowing companies;
10. Sell or exchange any properties for cash or on credit, and grant others the option to
purchase or exchange them;
11. Reorganize, merge, consolidate, combine, or liquidate any investments, authorities, funds,
or properties affiliated with the Authority, and undertake all legal actions necessary for
that purpose;
12. Convert or exchange any documents related to any investment operation of any part of
the Funds Allocated for Investment;
13. Extend the repayment period of any obligation held by the Funds Allocated for
Investment;
14. Enter into agreements or similar arrangements for forward investments;
15. Retain any uninvested funds from the Funds Allocated for Investment until they are
invested or disposed of in accordance with the provisions of this Decree by Law;
16. Exercise all voting rights related to any of its aforementioned activities, and grant general
or limited powers of attorney to vote on behalf of the Authority;
17. Subject to providing sufficient guarantees, register and retain any investment in the name
of one or more of the Authority's nominees, or in the name of one or more nominees of
any central securities or commercial instruments depository system, or other investable
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Federal Decree by Law of 2007 Regarding the Establishment of the Emirates Investment Authority 5
securities and materials.
18. Collect and receive any funds or rights, in-kind or personal, associated with the Funds
Allocated for Investment, and issue the relevant clearance certificates;
19. Settle any claims, debts, rights, or compensations, conclude settlements in respect thereof,
refer them to arbitration, or file lawsuits in respect thereof before the competent courts
and defend against them, and take legal measures to protect any interest of the Authority;
20. Own or establish with others, companies, authorities, institutions, and other projects in
accordance with applicable laws to achieve any of the Authority's purposes, including
retaining rights in any properties considered part of the Funds Allocated for Investment,
and dissolving, liquidating, merging, combining, consolidating, or restructuring them;
21. Acquire by any legal means, such as purchase, exchange, transfer, assignment, or
succession, any rights, including intellectual property rights, elements of a commercial
establishment, trade names, or any other rights, whether tangible or intangible;
22. Manage, operate, develop, maintain, mortgage, or invest in any funds, rights, or fixed or
movable assets, whether independently or in partnership with others. The Authority may
amend, extend, renew, assign, or otherwise regulate the terms of any of these actions, and
it may also establish conditions for the depreciation of funds and properties;
23. Contribute to all types of productive, commercial, financial, and other projects that
generate an economic return;
24. Generally, undertake any other actions that the Board of Directors deems necessary or
appropriate to achieve the objectives of the Authority;
25. Undertake any other works or tasks assigned to the Authority pursuant to a resolution of
the Cabinet, in a manner consistent with the Authority’s objectives as specified in this
Decree by Law.
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Federal Decree by Law of 2007 Regarding the Establishment of the Emirates Investment Authority 6
Chapter Four
The Board of Directors
