Page 163 - SALIK PR REPORT JANUARY 2024
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1/17/24, 1:31 PM Dubai wealth fund unveils new logo in rebranding push
The newly established fund holds stakes in entities including utility giant DEWA, toll
operator Salik and Dubai Taxi Company – which were privatised over the past years.
Dubai World, whose holdings include DP World, is also affiliated with the new fund but it
will preserve its “legal identity.”
The sovereign fund invests government funds, surpluses and the general reserve locally
and internationally. It also has the power to establish companies and investment funds, as
well as buy or merge firms.
The fund is tasked with bolstering the financial stability of the emirate by financing the
government’s deficit and establishing strong financial reserves to promote the emirates’
long-term financial sustainability.
It is chaired by Sheikh Maktoum bin Mohammed bin Rashid al-Maktoum, Deputy Ruler of
Dubai and the UAE’s finance minister.
https://gulfbusiness.com/dubai-fund-rebrands-as-icd-in-rebranding-push/ 3/3
