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Emiri Decree No. ( 10 ) of 2024 On Al Jazira Aviation Club

Emiri Decree
Emiri Decree No. ( 10 ) of 2024 On Al Jazira Aviation Club We, Saud Bin Saqr Bin Mohammad Al Qasimi, Ruler of Ras Al Khaimah. Having perused Emiri Decree No. 6/98 dated 4th May 1998 on the Establishment of Al Jazira Aviation Club (“Aviation Club”); and for the public Interest, resolved as follows: Article 1 The legal form of Al Jazira Aviation Club is hereby modified and changed into a limited liability company (“the Company”) effective from the issue date of the trade license and registration at the Ras Al Khaimah Department of Economic Development. Article 2 ‏The Company shall be wholly and fully 100% owned by RAK Transport and logistics Holding LLC , and the Company will continue to operate as an entity with the primary social purpose of providing and promoting aviation education, boosting aerial adventure activities amongst the community and to also develop sports tourism for the larger economic benefit of the country, accordinglly , the company shall to the maximum extent required, use its income and assets in the primary purpose of its existence Article 3 All assets and movables owned by Al Jazira Aviation Club shall vest in the Company. The Company shall be the legal and factual successor of the Club with regard to all rights and liabilities. Article 4 All employees and workers of the Aviation Club shall remain unchanged with regard to their job descriptions, salaries, rights and privileges. Article 5 Memorandum and articles of association of the Company shall be drafted in conformity with the Federal Law No (32) of 2021 concerning Commercial Companies, as amended. Article 6 Modification of the legal form of the Aviation Club shall be published in one of the local daily newspapers issued in Arabic. Article 7 Debtors and right holders of the Aviation Club shall have the right to challenge the modification decision by submitting a written objection (including the reasons of objection) at the office of the Aviation Club within seven days from the date of publishing the same. Article 8 The objection shall be decided on either by settlement or rejection within 30 days from the date it is submitted to the Aviation Club management. Article 9 If the objection is not decided on within 30 days, the objecting party shall then have the right to resort to the competent court in the emirate of Ras Al Khaimah. Article 10 The modification process shall be suspended until any such objection(s) (if any) (which objection(s) shall be submitted during the legal period mentioned above in Article 7) is decided on either by the Aviation Club management or the competent court. Article 11 If the modification decision is not challenged within the period referred to in Article 7 above, the modification process shall be completed in accordance with the provisions hereof. Article 12 Any previous decrees or resolutions in contradiction herewith shall be deemed void and superseded. Article 13 This Decree shall take effect as of its issue date and shall be published in the official gazette. Saud Bin Saqr Bin Mohammad Al Qasimi Ruler of Ras Al Khaimah Issued on 16th Ramadan of 1445 H. Corresponding to 28th March of 2024AD.
  • The legal form of Al Jazira Aviation Club is hereby modified and changed into a limited liability company (“the Company”) effective from the issue date of the trade license and registration at the Ras Al Khaimah Department of Economic Development.   
     
  • ‏The Company shall be wholly and fully 100% owned by RAK Transport and logistics Holding LLC , and the Company will continue to operate as an entity with the primary social purpose of providing and promoting aviation education, boosting aerial adventure activities amongst the community and to also develop sports tourism for the larger economic benefit of the country, accordinglly , the company shall to the maximum extent required, use its income and assets in the primary purpose of its existence
     

  • All assets and movables owned by Al Jazira Aviation Club shall vest in the Company. The Company shall be the legal and factual successor of the Club with regard to all rights and liabilities.  
     
  • All employees and workers of the Aviation Club shall remain unchanged with regard to their job descriptions, salaries, rights and privileges. 
     


  • Memorandum and articles of association of the Company shall be drafted in conformity with the Federal Law No (32) of 2021 concerning Commercial Companies, as amended.

     

  • Modification of the legal form of the Aviation Club shall be published in one of the local daily newspapers issued in Arabic.
     
  • Debtors and right holders of the Aviation Club shall have the right to challenge the modification decision by submitting a written objection (including the reasons of objection) at the office of the Aviation Club within seven days from the date of publishing the same. 
     
  • The objection shall be decided on either by settlement or rejection within 30 days from the date it is submitted to the Aviation Club management.
     

  • If the objection is not decided on within 30 days, the objecting party shall then have the right to resort to the competent court in the emirate of Ras Al Khaimah.

  • The modification process shall be suspended until any such objection(s) (if any) (which objection(s) shall be submitted during the legal period mentioned above in Article 7) is decided on either by the Aviation Club management or the competent court.
     
  • If the modification decision is not challenged within the period referred to in Article 7 above, the modification process shall be completed in accordance with the provisions hereof.
     
  • Any previous decrees or resolutions in contradiction herewith shall be deemed void and superseded.
     

  • This Decree shall take effect as of its issue date and shall be published in the official gazette. 

Classification
  • Companies
  • Sports legislation
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