President His Highness Sheikh Khalifa Bin Zayed Al Nahyan, in his capacity as Ruler of Abu Dhabi, yesterday issued two decrees revamping the board of directors of Abu Dhabi Investment Authority (Adia) and Abu Dhabi Investment Council (Adic).
According to the new decrees, Sheikh Khalifa will be the chairman of Adia's and Adic's board of directors.
Membership of the new Adia's board of directors shall include Sheikh Sultan Bin Zayed Al Nahyan, Sheikh Mohammad Bin Zayed Al Nahyan, Sheikh Ahmad Bin Zayed Al Nahyan, Sheikh Mansour Bin Zayed Al Nahyan, Sheikh Mohammad Bin Khalifa Bin Zayed Al Nahyan, Mohammad Habroush Al Suwaidi, Jua'an Salim Al Daheri, Hamad Mohammad Al Hur Al Suwaidi and Saeed Mubarak Rashid Al Hajiri.
Membership of the new Adic's board of directors shall include Sheikh Sultan Bin Zayed Al Nahyan, Sheikh Mohammad Bin Zayed Al Nahyan, Sheikh Mansour Bin Zayed Al Nahyan, Sheikh Hamed Bin Zayed Al Nahyan, Mohammad Habroush Al Suwaidi, Khalifa Mohammad Al Kindi and Younis Hajji Khouri.
Article 2 of the decree sets the tenure of Adia and Adic's board of directors membership to three years, which can be extended. The new decree, which is effective immediately upon issuance, shall be published in the gazette. (Emirates News Agency, WAM)
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