This Law will be cited as “Law No. (20) of 2024 Establishing Mada Media Company PrJSC”.
The term of the Company is forty-nine (49) years commencing from the date of its registration on the commercial register in accordance with the legislation in force in the Emirate. This term will be automatically renewed for the same period in accordance with the provisions of the Articles of Association.
All Government Entities must, upon request, fully cooperate with the Company to enable it to achieve its objectives and exercise its functions under this Law, the Articles of Association, other legislation in force in the Emirate, and the Concession Agreement.
Without the need for any further action as a result of the establishment of the Company under this Law, courts of all types and levels will continue to consider the claims and appeals that are related to Advertisements and to which the RTA or the DM is a party, until these claims and appeals are determined by final definitive judgements.
This Law comes into force on the day on which it is issued, and will be published in the Official Gazette.
Mohammed bin Rashid Al Maktoum
Ruler of Dubai
Issued in Dubai on 4 September 2024
Corresponding to 1 Rabi al-Awwal 1446 A.H.