Sunday, February 14, 2010

Safa Foundation to own and manage properties, funds in Dubai

Sheikh Mohammed bin Rashid Al Maktoum, the Ruler of Dubai, has established Safa Foundation, to own and manage properties and funds assigned to it by the government.

Being a part of its business model, the foundation will take up ownership and manage all funds and properties, including fixed and liquid assets, which could be further invested at the discretion of the foundation.

Dubai is the second largest sheikhdom in the seven member federation of the UAE.

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