UAE president issues law establishing national Investment Company
Sheikh Khalifa bin Zayed Al Nahyan
Abu Dhabi - WAM
President His Highness Sheikh Khalifa bin Zayed Al Nahyan, in his capacity as Ruler of Abu Dhabi, has issues a law establishing National Investment Company as a private joint stock company.
The new law states that the company will be an independent corporate entity of financial and administrative independence and full legal capacity for undertaking its activities.
According to the law, National Investment Company replaces National Investment Corporation (NIC), and the rights and obligations of the corporation will be delegated to the company.
The law also states that the company undertakes its objects stated in its bylaws.
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