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14 April 2024

Sheikh Mohammed issues Decree on formation of Dubai World Board

His Highness Sheikh Mohammed bin Rashid Al Maktoum.

By Wam

Vice President, Prime Minister, His Highness Sheikh Mohammed bin Rashid Al Maktoum, in his capacity as the Ruler of Dubai, has issued Decree No. (3) of 2017 on the formation of the Board of Directors of Dubai World under the chairmanship of H.H. Sheikh Ahmed bin Saeed Al Maktoum.

The new board includes Mohammad Ibrahim Al Shaibani, Abdul Rahman Saleh Al Saleh, Hamad Mubarak Bu Amim, Sa’adi Abdul Rahim Hassan Al Rais and Soon Young Chang. The board will serve for a renewable term of three years.

The new board holds responsibilities and authorities outlined in Decree No. (23) of 2010. The new Decree is valid from the date of issuance and will be published in the Official Gazette.

Global holding company Dubai World focusses on the strategic growth areas of transport and logistics, drydocks and maritime, urban development, and investment and financial Services.

Dubai World’s portfolio contains some of the world’s leading companies, including Drydocks World, Economic Zones World, Istithmar World and majority ownership of DP World.