The Dubai Financial Support Fund (the DFSF) was established in 2009 by virtue of the Emirate of Dubai Law No. 24 of 2009, Concerning the Establishment of the Dubai Financial Support Fund, (as amended), as a public corporation with full legal independence with an affiliation to the Department of Finance for the Government of Dubai.
The Fund is managed by a board of directors appointed by H. H. the Ruler of Dubai and has a direct reporting line to Supreme Fiscal Committee of the Emirate of Dubai (the "SFC") and the day to day operations of the DFSF is managed by an Executive Director, who is appointed by the Chairman of the Executive Council for the Emirate of Dubai.
The primary objectives of the DFSF are as follows:
In order to achieve its objectives, the DFSF may:
With the DFSF being an independent public corporation with
its own legal personality, the Government of Dubai shall not be liable for any
debts or obligations claimed from the DFSF or its subsidiary corporations or
DFSF operations are subject to independent external audits, in
addition to the audits implemented by the Government of Dubai’s Financial Audit