Printer Friendly

Dubal becomes private joint stocks company.

Dubai ruler has issued a law converting Dubai Aluminium ( Dubal ) into a private joint stocks company under a Dubai Aluminium PJS with a declared capital of Dh3 billion ($817 million).

The new rule was passed by UAE Vice President and Prime Minister His Highness Sheikh Mohammed bin Rashid Al Maktoum in his capacity as Ruler of Dubai, reported the emirates 24/7.

Under the new decree, Dubai Aluminium PJS subrogates Dubal in all legal and business obligations and rights starting from the date of effective of this law, and the employees of Dubai Aluminium shall benefit from their vested right, it added.

[euro]o Copyright 2012

Copyright 2014 Al Hilal Publishing & Marketing Group Provided by , an company
COPYRIGHT 2014 Al Bawaba (Middle East) Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2014 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:TradeArabia (Manama, Bahrain)
Geographic Code:7UNIT
Date:Jan 18, 2014
Previous Article:CourseSmart, Naseej in eTextbooks deal.
Next Article:Seeds of genocide' in Central African Republic, warns UN.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters