Dubai Ruler Appoints Chairman and Members of the Board of the Dubai Financial Support Fund

His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE,has issued, in his capacity as Ruler of Dubai, the Decree 41 -2009 appointing the Chairman and Members of the Board of the Dubai Financial Support Fund.

The Dubai Financial Support Fund (‘Support Fund’) was established by Decree 24-2009 as an independent legal entity to manage the proceeds of the Dubai Government’s $20 billion bond programme, or any other bond issues.

Abdulrahman Al Saleh, Director General of Dubai’s Department of Finance was appointed as Chairman of the Board of the Support Fund. The Support Fund is accountable to Dubai’s Supreme Fiscal Committee (‘SFC’) and is supported by the Department of Finance of the Emirate of Dubai.