Enacted by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, the Vice President and Prime Minister of the United Arab Emirates, in his capacity as the Ruler of Dubai, law No. (20) of 2024 relates to the establishment of Mada Media Company, a private joint-stock company (PJSC) with the purpose of managing and running advertising sites in Dubai.
As per the legal regulations, the recently established organisation is assigned the responsibility of overseeing, creating, and running advertising websites, as well as investing in advertising technologies and carrying out relevant research, all while maintaining regulatory compliance.
It also permits the business to establish alliances, acquire property, and enter into agreements with other parties to accomplish its goals both inside and outside the emirate.
The Articles of Association specify the duties and authority of the Commissioner General for the Infrastructure, Urban Planning, and Well-Being Pillar, who is designated by law to supervise the organization’s activities and guarantee that its goals are met.
Moreover, Decision No. (79) of 2024 approving the “Articles of Association of Mada Media (PJSC),” including its rules and provisions, was issued by Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of The Executive Council of Dubai.
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