{"id":127133,"date":"2026-02-10T10:00:44","date_gmt":"2026-02-10T06:00:44","guid":{"rendered":"https:\/\/www.alowais.com\/?page_id=127133"},"modified":"2026-08-27T11:11:07","modified_gmt":"2026-08-27T07:11:07","slug":"articles-of-association-2","status":"publish","type":"page","link":"https:\/\/www.alowais.com\/en\/articles-of-association-2\/","title":{"rendered":"Articles of Association"},"content":{"rendered":"\t\t
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Articles of Association<\/strong><\/p>

Article (1)<\/strong>
In this Articles of Association, and unless the context otherwise requires, the following words and expressions shall have the meanings assigned to each of them:
\u2022 The Ruler: His Highness, the Ruler of Dubai.
\u2022 The State: The United Arab Emirates.
\u2022 The Foundation: The Sultan Bin Ali Al Owais Cultural Foundation.
\u2022 The Articles of Association: The Articles of Association of the Sultan Bin Ali Al Owais Cultural Foundation.
\u2022 The Board: The Board of Trustees of the Sultan Bin Ali Al Owais Cultural Foundation.
\u2022 The Chairman: The Chairman of the Board of Trustees of the Sultan Bin Ali Al Owais Cultural Foundation.
\u2022 The General Secretariat: The General Secretariat of the Sultan Bin Ali Al Owais Cultural Foundation.
\u2022 The Secretary General: The Secretary General of the Sultan Bin Ali Al Owais Cultural Foundation.
\u2022 The Award: The Sultan Bin Ali Al Owais Cultural Award.<\/p>

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Article (2)<\/strong>
The Board of Trustees
1. The Foundation shall be supervised by a body known as the Board of Trustees, which shall constitute the supreme authority of the Foundation.
2. The Board shall consist of not fewer than seven (7) and not more than fifteen (15) members of proven administrative and cultural competence, integrity, and trustworthiness, who shall be citizens of the United Arab Emirates.
A number of Arab nationals of distinguished cultural or scientific reputation may also be included, provided that their number does not exceed one-third of the total membership of the Board.
3. A member shall lose his membership in the Board in the event of death, permanent disability, or conviction of a felony or a crime involving dishonor or breach of trust, or upon absence without valid excuse from four consecutive meetings, or upon submission of his resignation.
The Board may also, when necessary and in the interest of the Foundation and proper conduct of its affairs, remove any of its members by a majority vote of the Board.
4. The Board shall appoint a suitable person to fill any vacant seat arising from loss of membership, provided that such person is nominated in writing by one-third of the members of the Board and that his appointment is approved by a majority of the members.
5. The Board shall elect from among its members, by secret ballot every four (4) years, a Chairman and a Vice-Chairman.
6. The Chairman shall preside over the meetings of the Board; in his absence, the Vice-Chairman shall act on his behalf; and in the absence of both, the eldest member present shall preside.
7. The Board shall meet, upon invitation of its Chairman or, in his absence, his Vice-Chairman, at least four (4) times each year to review the budget, final accounts, and to monitor the operations of the Foundation, oversee its activities, and consider the annual report submitted by the General Secretariat, taking such resolutions as it deems appropriate.
The Board may also convene extraordinary meetings at the request of one-third of its members or upon a request by the Secretary General.
8. Meetings of the Board shall be valid if attended by a majority of its members.
If the quorum is not met, the meeting shall be postponed to another date; if the quorum is again not achieved, the meeting shall be postponed once more, and the third meeting shall be deemed valid if attended by half of the members.
9. Resolutions of the Board shall be adopted by a majority of the members present.
In the event of a tie, the Chairman shall have the casting vote.
10. The Board shall appoint, from among its members, a Secretary General of the Foundation for a renewable term of four (4) years.
The Board may, if necessary, appoint a Secretary General from outside its membership for the same term.
11. The Board shall appoint, from among its members, a Financial Officer of the Foundation for a renewable term of four (4) years.
12. The Board shall establish the \u201cGeneral Secretariat\u201d of the Foundation.
13. The Board shall adopt all appropriate resolutions to implement the objectives and policies of the Foundation and shall consider other recommendations and proposals submitted by the General Secretariat, deciding as it deems appropriate, provided that all such actions comply with the purposes of the Foundation and its fundamental principles.
14. The Board may issue the regulations necessary to organize the work of the Foundation and achieve its purposes, in particular:
\u2022 (a) Regulations governing the rules on which the Award is granted, the fields it covers, the conditions of nomination, its monetary value and other components, the approval procedures, the expenses required for that purpose, and the number of recipients.
\u2022 (b) Financial regulations governing revenues and their recording, expenditures and the modes of their approval, execution, and recording, as well as regulations related to the annual general budget and the final accounts, and other financial matters required by the Foundation\u2019s operations.
\u2022 (c) The Board may form an Investment Committee to study the Foundation\u2019s financial position, develop investment plans and recommendations, and submit them to the Board of Trustees.
\u2022 (d) The Investment Committee shall consist of three (3) to five (5) members possessing competence and experience in economic and investment fields, and the Chairman of the Committee must be a member of the Board of Trustees.
\u2022 (e) The Committee shall submit a quarterly report to the Board, including a summary of its work, activities, and recommendations.<\/p>

Article (3)<\/strong>
The General Secretariat
1. The General Secretariat shall consist of the Secretary General, the Financial Officer, and a number of members whose number and term of service shall be determined according to the requirements of the Foundation\u2019s work, provided that the number of members shall not be fewer than three (3) and not more than five (5).
2. The General Secretariat shall constitute the executive body of the Foundation and shall be responsible for the management of its daily operations in the cultural, administrative, and financial fields. Responsibilities shall be distributed among its members as required by the nature of the work.
3. The General Secretariat shall meet upon invitation by the Secretary General once every month, or whenever necessary.
The meeting shall be valid if attended by the majority of its members.
If the quorum is not met, the meeting shall be postponed for a period not exceeding one week.
Should the quorum again not be achieved at the second meeting, the Secretary General shall refer the matter to the Board of Trustees, which shall take whatever decision it deems appropriate.
The decisions of the General Secretariat shall be adopted by majority vote of its members.
The Secretary General may refer any decision adopted by the General Secretariat to the Board of Trustees for review, approval, or cancellation prior to implementation.
4. The meetings of the General Secretariat shall be presided over by the Secretary General, and in his absence, a member delegated by him shall act as Chair.
5. The General Secretariat shall undertake the following duties and responsibilities:
o (a) Propose programmes that would promote the development and advancement of the Foundation.
o (b) Take appropriate administrative, cultural, technical, and financial decisions consistent with the Founding Document, internal regulations, and resolutions of the Board, provided that major decisions are included in the annual report of the General Secretariat.
o (c) Authorize the expenditure of funds necessary for the operation of the Foundation within the approved annual budget, in accordance with the financial rules set forth in this Articles of Association or any financial regulations issued by the Board.
o (d) Prepare the final accounts, the draft annual budget, and the administrative, financial, technical, and cultural reports, as well as other activity reports, and submit them to the Board for approval.
o (e) Select the banks in which the Foundation\u2019s funds shall be deposited.
o (f) Appoint the employees and staff, determine their salaries, bonuses, and benefits, and terminate their services as required.
o (g) Interpret the provisions of this Articles of Association until the next meeting of the Board of Trustees, which shall have the exclusive authority for final interpretation.
o (h) Propose draft by-laws and internal regulations governing the Foundation\u2019s operations and serving the achievement of its objectives.
6. The members of the General Secretariat shall receive salaries or monthly remunerations as determined by the Board, in consideration of their full-time or part-time service in managing the Foundation.
The administrative and financial regulations issued by the Board shall govern remunerations, salaries, allowances, and bonuses.
Article (4)<\/strong>
The Secretary General
The Secretary General shall assume the following powers and responsibilities:
1. Issue invitations for meetings of the Board of Trustees and the General Secretariat.
2. Implement the resolutions adopted by the Board of Trustees.
3. Exercise full supervision over the General Secretariat and all departments of the Foundation, ensuring the proper conduct of work therein, and shall be accountable to the Board for all the activities, operations, and movable and immovable assets of the Foundation.
4. Represent the Foundation within and outside the State, before the courts, and before all official and non-official authorities, and shall act as the official spokesperson of the Foundation.
The Secretary General may delegate any person he deems suitable to perform this function on his behalf.
5. Sign contracts and agreements entered into with the Foundation, after their approval by the General Secretariat.
6. Co-sign, together with the Financial Officer, all cheques, payment orders, and financial transfers related to the Foundation.
7. Receive all monies and funds due to the Foundation, jointly with the Financial Officer, and deposit them in the approved banks in the name of the Foundation within one week from the date of receipt.
8. Seek the assistance of the members of the General Secretariat, each according to his specialization, to assist in carrying out the assigned duties and responsibilities.
The Secretary General may delegate or assign any of the members of the General Secretariat to perform some or all of his functions when necessary.
9. Safeguard the premises of the Foundation, including all assets, records, and archives, in particular ensuring the preservation of contracts, agreements, registers, and correspondence.<\/p>

Article (5)<\/strong>
Financial Affairs of the Foundation
1. The funds of the Foundation shall consist of:
o (a) The funds allocated by the Founder, Sultan Bin Ali Al Owais, under the Founding Document, together with the revenues generated therefrom.
o (b) Donations, whether in the form of endowments, grants, legacies, or gifts, that are accepted by the Board of Trustees.
2. No expenditure shall be made from the Foundation\u2019s funds except for the purposes set forth in the Founding Document, and for the administration and operation of the Foundation.
3. The General Secretariat shall undertake the expenditure for the Foundation\u2019s activities and administration in accordance with the annual budget approved by the Board.
In the event of a delay in the approval of the budget, necessary monthly operational expenses shall be disbursed based on the most recently approved budget, until the new budget is approved.
4. The Secretary General and the Financial Officer shall jointly sign all vouchers, cheques, payment orders, and transfer instructions, within the limits of the annual budget ratified by the Board.
No disbursement shall be deemed lawful unless signed by both.
5. The General Secretariat may place the Foundation\u2019s revenues as deposits in the approved bank or in other banks, and may redeem such deposits by a reasoned resolution, for the purpose of increasing the Foundation\u2019s income.
6. The accounts of the Foundation and the control of its funds, revenues, and expenditures shall be audited and supervised by an Audit Office approved by the Board of Trustees, which shall also determine its remuneration.
7. The fiscal year of the Foundation shall commence on the first day of January and end on the thirty-first day of December of the same year, except for the first fiscal year, which shall commence on the date of issuance of the Ruler\u2019s Decree establishing the Foundation and shall end on 31 December 1995.<\/p>

Article (6)<\/strong>
The Board of Trustees may, from time to time, amend this Articles of Association, provided that such amendment does not conflict with any of the provisions of the Founding Document.<\/p>

Article (7)<\/strong>
The Board of Trustees shall be prohibited from borrowing from others or lending to others from the funds of the Foundation.<\/p>

Article (8)<\/strong>
The Board of Trustees shall have no authority to dissolve the Foundation or to suspend its activities, whether partially or permanently.<\/p>

Article (9)<\/strong>
As of the date of notarization of this Founding Document, neither I nor my heirs shall, under any circumstances or for any reason and at any time, have the right to cancel or amend this document, withdraw from the establishment of the Foundation, or interfere with the funds allocated and dedicated thereto.<\/p>

Article (10)<\/strong>
The Foundation shall commence its operations upon the issuance of a Decree by His Highness the Ruler of Dubai establishing it, and shall comply with the provisions thereof.
In order to confer official status upon this Founding Document, I hereby request the Notary Public in Dubai to notarize it in due form.<\/p>

Sultan Bin Ali Al Owais<\/strong><\/p>

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Pursuant to Article (6) of the Articles of Association, which authorizes the Board of Trustees to amend the Articles of Association from time to time, provided that such amendment does not conflict with the provisions of the Founding Document;<\/p>

And in view of the Foundation\u2019s keenness to keep pace with administrative, legal, and regulatory developments, and in line with its ongoing efforts to enhance the interests of the Foundation and ensure the sustainability of its operations in accordance with its future vision and mission;<\/p>

The Board, in its meeting held on 5 May 2025<\/strong>, approved the amendments to the Articles of Association<\/strong> and the organizational by-laws<\/strong>, in a manner consistent with the requirements of the current stage, contributing to <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

Articles of Association Article (1)In this Articles of Association, and unless the context otherwise requires, the following words and expressions shall have the meanings assigned to each of them:\u2022 The Ruler: His Highness, the Ruler of Dubai.\u2022 The State: The United Arab Emirates.\u2022 The Foundation: The Sultan Bin Ali Al Owais Cultural Foundation.\u2022 The Articles […]<\/p>\n

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