VP’S decree on foundation
DUBAI: In his capacity as Ruler of Dubai, Vice President and Prime Minister of the UAE, His Highness Sheikh Mohammed Bin Rashid Al Maktoum issued Decree No. (NS) of OMN8 renaming the Hamdan Bin Rashid Al Maktoum Award for Distinguished Academic Performance as the Hamdan Bin Rashid Al Maktoum Foundation for Distinguished Academic Performance.
qhe Foundation will be a nonprofit organisation with specific functions under its approved articles of association.
Pursuant to the Decree, the name Hamdan Bin Rashid Al Maktoum Foundation for Distinguished
Academic Performance will replace Hamdan Bin Rashid Al Maktoum Award for Distinguished Academic Performance in any other legislation currently effecj tive in Dubai.
According to the Decree, the foundaj tion aims to support the efforts of the government and society to develop the education sector, promote innovation and excellence in educational institutions, encourage scientific research, nurture talent and celebrate top achievers.
The Decree also defines the authorij ties and responsibilities of the Hamdan Bin Rashid Al Maktoum Foundation for Distinguished Academic Performance, which include supporting the public policies that aim at developing educaj tional and scientific research, sponsorj ing innovative projects, promoting the principles of excellence in education, providing scholarships and designing and managing programmes, centres and labs in the field of education excellence.
The Decree states that the Foundation will be governed by a Board of Trustees that has between seven and 15 members.
The Board will be formed further to a resolution from the Deputy Ruler of Dubai, Sheikh Hamdan Bin Rashid Al Maktoum.
Decree No. (16) of 2018 annuls DEJ cree No. (25) of 2000 pertaining to the establishment of the Hamdan Bin Rashid Al Maktoum Award for Distinguished Academic Performance and any other legislation that contradicts or challenges its articles. This Decree is valid from the date of issuance and will be published in the Official Gazette.