Law
No. (27) of 2024
Dissolving
Watani
Al Emarat Foundation[1]
ــــــــــــــــــــــــــــــــــــ
We,
Mohammed bin Rashid Al Maktoum, Ruler of Dubai,
After perusal of:
Law
No. (1) of 2016 Concerning the Financial Regulations of the Government of
Dubai, its Implementing Bylaw, and their amendments;
Law
No. (7) of 2018 Establishing Watani Al Emarat Foundation (the “Foundation”);
Law
No. (26) of 2023 Concerning the Executive Council of the Emirate of Dubai;
Decree
No. (30) of 2021 Forming the Board of Directors of Watani Al Emarat Foundation;
and
Resolution
No. (17) of 2018 Concerning the Organisational Subordination of Watani Al
Emarat Foundation,
Do
hereby issue this Law.
Pursuant
to this Law, Watani Al Emarat Foundation, established pursuant to the
above-mentioned Law No. (7) of 2018, is dissolved.
A
steering committee (the “Steering Committee”) will be formed pursuant to
a resolution of the Chairman of the Executive Council, to:
1.
determine the entities to which the
functions, powers, rights, and obligations of the Foundation will be transferred;
2.
determine the legal positions of the
Foundation’s employees and the legislation to which they will be subject;
3.
determine the legal positions of the
real property, movable property, assets, devices, equipment, and other property
of the Foundation;
4.
determine the procedures for
managing the financial appropriations allocated to the Foundation in its annual
budget; and
5.
address any other matters related to the
Foundation, as determined by the Chairman of the Executive Council.
a.
The Steering Committee formed under
Article (2) of this Law must coordinate with the concerned entities in the
Emirate of Dubai to settle the Foundation’s affairs in compliance with the
provisions of this Law, the resolutions issued in pursuance hereof, and other
legislation in force in the Emirate of Dubai, within no later than three (3)
months from the date on which this Law comes into force.
b.
The Chairman of the Executive
Council may, where required, extend the time frame referred to in paragraph (a)
of this Article for the period he deems appropriate.
a.
Pursuant
to this Law, the following pieces of legislation are repealed:
1.
Law
No. (7) of 2018 Establishing Watani Al Emarat Foundation;
2.
Decree
No. (30) of 2021 Forming the Board of Directors of Watani Al Emarat Foundation;
and
3.
Resolution
No. (17) of 2018 Concerning the Organisational Subordination of Watani Al
Emarat Foundation.
b.
Any
provision in any other legislation is also hereby repealed to the extent that
it contradicts the provisions of this Law.
This
Law will be published in the Official Gazette and will come into force on the
day on which it is published.
Mohammed bin Rashid Al Maktoum
Ruler of
Dubai
Issued in Dubai
on 22 October 2024
Corresponding to 19 Rabi
al-Thani 1446 A.H.
©2025 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.