Decree No. (16) of 2011
Transferring the Shares of
Late Sheikh Rashid bin Saeed Al Maktoum in
Dubai Ice Plant and Cold Stores LLC
to the
Investment Corporation of Dubai[1]
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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 on which this Decree comes into force, the
shares which were owned by the Late Sheikh Rashid bin Saeed Al Maktoum in Dubai
Ice Plant and Cold Stores LLC (the “Company”), representing twenty eight
percent (28%) of its capital, will be transferred to the Investment Corporation
of Dubai (the “ICD”), and the ICD will be subrogated to the rights and
obligations of the Late Sheikh Rashid bin Saeed Al Maktoum with respect to the
Company.
This Decree comes into force on 20 May 2006, and will be published in
the Official Gazette.
Mohammed bin
Rashid Al Maktoum
Ruler of Dubai
Issued in Dubai on 7 June 2011
Corresponding to 5 Rajab 1432 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.