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Dubai ruler orders revamp of ICD and Medyan City Corporation boards

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum named as Chairman of ICD board

HH Sheikh Mohammed bin Rashid Al Maktoum, in his capacity as Ruler of Dubai, Vice President and Prime Minister of the UAE, has issued Decree No. 24 of 2020 on the Board of Directors of the Investment Corporation of Dubai, it has been announced.

According to the Decree, HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, has been named as Chairman of the Board, and HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum as the Vice Chairman, a WAM report said.

Members of the Board include HH Sheikh Ahmed bin Saeed Al Maktoum, Reem bint Ibrahim Al Hashemy, Sultan bin Saeed Al Mansouri, Mohammed Ibrahim Al Shaibani, Abdulrahman Saleh Al Saleh, Mohammed Hadi Al Hussaini, and Helal Saeed Al Marri, the report added.

Mohammed Ibrahim Al Shaibani will serve as the managing director.

Sheikh Mohammed bin Rashid also issued Decree No. 25 of 2020 on the Board of Directors of the Meydan City Corporation.

The Decrees are effective from their date of issuance, the WAM report concluded.

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