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Royal Decree

Royal Decree 87/93 Establishing the Ministry of Defence Pension Fund

1993/87 87/1993 93/87 87/93

Arabic

We, Qaboos bin Said, the Sultan of Oman

after perusal of Royal Decree 26/75 Issuing the Law Governing the Administrative Apparatus of the State and its amendments,

and in pursuance of public interest,

have decreed as follows

Article I

A fund named the “Ministry of Defence Pension Fund” is hereby established in accordance with this decree.

Article II

The fund has an independent legal personality and is not considered a government administrative unit.

Article III

A board of directors for the fund is hereby established under the chairmanship of the Ministry of Defence and the membership of the Ministry of Palace Office Affairs, the Ministry of Finance and Economy, and the Central Bank of Oman.

Article IV

The board of directors shall issue the constitution of the fund and its internal regulations.

Article V

All relevant entities shall implement this decree, each within its mandate.

Article VI

All that is contrary to this decree is hereby repealed.

Article VII

This decree must be published in the Official Gazette, and comes into force from the date of its issuance.

Issued on: 15 Rajab 1414
Corresponding to: 29 December 1993

Qaboos bin Said
Sultan of Oman

Published in Official Gazette 518 issued on 1 January 1994.