We, Mohammed bin Rashid Al Maktoum, Ruler of Dubai,
After perusal of:
- Dubai Law No. 5 of 2009 Establishing the Meydan City Corporation (the “Original Law”);
- Dubai Law No. 1 of 2016 Concerning the Financial Regulations of the Government of Dubai and its amendments; and
- Dubai Law No. 1 of 2023 Concerning the Dubai Holding Company, Do hereby issue this Law.
Superseded Articles
Article 2, Article 3, Article 5, Article 8, Article 9, and Article 11 of the Original Law are hereby superseded by the following:
The following words and expressions, wherever mentioned in this Law, will have the meaning indicated opposite each of them unless
the context implies otherwise:
Emirate: The Emirate of Dubai.
Ruler: His Highness the Ruler of Dubai.
Government: The Government of Dubai.
Meydan: Meydan City.
Free Zone: The free zone of Meydan.
MCC: The Meydan City Corporation.
Company: The Dubai Holding Company.
Chairman: The chairman of the MCC.
CEO: The chief executive officer of the MCC.
Subsidiaries: The companies owned by th...