Sultan Lootah appointed Executive Director of MBRMF

Dubai: Chairman of the Mohammed bin Rashid Al Maktoum Foundation HH Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum issued a decision appointing Sultan Ali Rashed Lootah as the CEO of the Foundation effective from 7th October 2012.

A Master of Business Administration, Lootah held various positions in a number of government institutions before joining the Foundation early in 2008 and was its Acting CEO.

UAE Vice President and Prime Minister and Ruler of Dubai His Highness Sheikh Mohammed Bin Rashid Al Maktoum announced the establishment of the Mohammed bin Rashid Al Maktoum Foundation with a personal endowment of AED 37 billion (USD 10 billion) at the keynote speech at the World Economic Forum for the Middle East, held at the Dead Sea, Jordan, in May 2007.

The Mohammed bin Rashid Al Maktoum Foundation has been tasked with empowering future generations to devise sustainable home-grown solutions to challenges faced by the Arab World.

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