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U.A.E. Approves Draft Law to Allow Family-Owned Companies to List
U.A.E. Approves Draft Law to Allow Family-Owned Companies to List
19 Jan 2020, 10:46 AM IST
(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.
(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.
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.
WAM didn’t provide details on the changes.
Link to WAM story: https://bit.ly/37gZrJP
To contact the reporter on this story: Shaji Mathew in Dubai at shajimathew@bloomberg.net
To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net
©2020 Bloomberg L.P.
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