Mohammad’s law makes Dubal a private joint stocks company | GulfNews.com:
"His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, in his capacity as Ruler of Dubai, has issued Law No 1 of 2014 converting Dubai Aluminium (Dubal) into a private joint stocks company. Pursuant to the Law, the name of the new company is “Dubai Aluminium P.J.S.” with a declared capital of Dh3 billion, headquartered in Dubai and may establish branches inside and outside the UAE.
Article 6 of that law stated that the Dubai Aluminium P.J.S. subrogates Dubai Aluminium in all legal and business obligations and rights starting from the date of effective of this law, and the employees of Dubai Aluminium shall benefit from their vested right."
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