Public Debt Management Division
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Public Debt Management Division

Abdulla Saeed Belyoahah

​​​Rashed Ali Bin Obood Al Falasi

Director - Public Debt Management Division


Rashed Ali Bin Obood Al Falasi, the Director of Public Debt Management of the Department of Finance for the Government of Dubai. He is also a board member of the Emirates Post Group and serves as a member of the Expo2020 related projects funding committee.

Al Falasi previously worked at the Securities and Commodities Authority in the federal government, specifically in the financial market operations sector, which in turn supervised the capital markets, including listed companies.

In 2018, Al Falasi was picked to represent the United Arab Emirates at the International Monetary Fund meetings in Washington.

In his current role with the Department of Finance for the Government of Dubai, Al Falasi is involved in the development, monitoring, and evaluating overall funding strategy of the Government. His functions in this role include managing a portfolio of over AED 100 billion of debt issuances from international capital and loan markets, developing and structuring the financing arrangements for the public treasury and liaise with the Supreme Fiscal Committee for the Emirate of Dubai in various debt-related matters.

In 2020, Al Falasi led the team, representing the Dubai government, to issue two billion dollars of sukuk and bonds, which is the lowest interest rate for thirty-year bonds and the lowest profit for ten-year sukuk in the history of the Dubai government. He also managed the financing of a number of strategic projects and government initiatives, such as the Dubai Metro and Expo 2020 and a number of projects related to Dubai airports.

Academically, Al Falasi holds Masters’ of Business Administration degree in Finance, from the Canadian University of Dubai with a cum laude distinction. He also graduated from the Government Secondment Program for Emirati Leadership (GSPEL) by Mohammed bin Rashid Center for Leadership Development.

Additionally, Al Falasi has attended several overseas programs related to debt capital markets and international project financing, in the United States of America and the United Kingdom, respectively.


 

About Public Debt Management Division:

The Public Debt Management Division works under the supervision of the Dubai Supreme Fiscal Committee. Its main purpose is to provide financial support and liquidity to government projects in support of the Financial Strategic Plan, which in turn is keen to promote economic development in the Emirate. One of the Division's main objectives is achieving the government's needs and aspirations, in accordance with the risk management plan. Developing and implementing a strategy for the management of sovereign debt, maintaining the efficiency of the government financial instruments, fulfilling the financial requirements and liquidity of the government's strategic projects and repaying obligations at the lowest cost are all considered among the most important priorities of the Public Debt Management Division.

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Site Last Updated on : 14-Nov-2021