Decree
No. (35) of 2009
Transferring the Shares of the Government of Dubai
in Aswaq LLC to the
Investment
Corporation of Dubai[1]
ـــــــــــــــــــــــــــــــــــــــــــــــ
We,
Mohammed bin Rashid Al Maktoum, Ruler of
Dubai,
After perusal of:
Law No. (11) of 2006 Establishing the Investment
Corporation of Dubai and its amendments,
Do
hereby issue this Decree.
Effective as of the date this Decree comes
into force, the shares owned by the Government of Dubai in Aswaq LLC, representing
ninety-nine percent (99%) of the share capital of Aswaq LLC, and all the rights
and obligations of the Government of Dubai with respect to Aswaq LLC, are hereby transferred to the Investment
Corporation of Dubai.
This
Decree will be published in the Official Gazette and will come into force on
the day on which it is issued.
Mohammed bin Rashid Al Maktoum
Ruler of Dubai
Issued in Dubai on 4 August 2009
Corresponding to 13 of Shaban 1430 A.H.
©2015 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.