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Khalifa issues Emiri decree reshuffling Abu Dhabi Investment Authority Board

posted on 15/04/2010: 1623 views

President His Highness Sheikh Khalifa bin Zayed Al Nahyan, has issued in his capacity as Ruler of Abu Dhabi, an Emiri decree, reshuffling the Board of the Abu Dhabi Investment Authority.

The decree no. 4 of 2010, reshuffled the board to be chaired by UAE President and the membership of His Highness Sheikh Sultan bin Zayed Al Nahyan, the representative of the UAE President, His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, Sheikh Hamed bin Zayed Al Nahyan, Chief of Crown Prince of Abu Dhabi's Court as a Managing Director, His Highness Sheikh Mohammed bin Khalifa Al Nahyan, Chairman of the Department of Finance and His Excellency Mohammed Habroosh Al Suwaidi, adviser to His Highness the UAE President, HE Joan Salem Al Dhahiri, HE Hamad Mohammed Al Hurr Al Suwaidi, Undersecretary of the Department of Finance and HE Khalil Mohammed Sheriff Foulazi, Chairman of the Board of the Central Bank.

As per the decree, the duration of membership will be three years, subject to renewal. The decree is effective from the date of issuance and will be published in the official gazette.

Established in 1976, the Abu Dhabi Investment Authority (ADIA) is a globally diversified investment institution that is wholly owned by the Government of Abu Dhabi.

ADIA's mission is to invest funds on behalf of the Government to make available the necessary financial resources to secure and maintain the future welfare of the Emirate.

With a long tradition of prudent investing, ADIA's decisions are based solely on its economic objectives of delivering sustained long-term financial returns. – Emirates News Agency, WAM


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