Statement on the Appointment of Dr. Omar bin Sulaiman to the Position of Director General of the DIFCA

As the independent regulator of the DIFC, the DIFC Financial Services Authority (DFSA) is committed to establishing world Class standards of Regulation throughout the DIFC. The DFSA welcomes the appointment of Dr Omar Bin Sulaiman to the position of Director General of the DIFCA, and hopes it will help to foster effective co-operation between our two authorities.

Dr Habib Al Mulla, Chairman of the DFSA Regulatory Council said:

“Transparency and good governance is the bedrock on which any world Class capital market depends. The DFSA looks forward to working with Dr Omar Bin Sulaiman to establish the highest standards of transparency and corporate governance throughout the centre.”

David King, Acting Chief Executive of the DFSA added:

“With the legislative process that establishes the DIFC nearly complete, we will shortly be in a position to issue our first licenses to Financial Institutions setting up at the DIFC.”