(Bloomberg) -- The United Arab Emirates, home to three stock markets, approved a draft law allowing family-owned businesses to list on the country’s financial markets.
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The cabinet approved the draft law amending provisions in the “Agency Law” that regulates commercial and distribution agreements, state-run WAM news agency reported. It’ll allow family-owned companies to turn into public joint stock companies.
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WAM didn’t provide details on the changes.
Link to WAM story: https://bit.ly/37gZrJP
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