UAE to allow family offices to list

Pedro Gonçalves
clock • 3 min read

The UAE Cabinet has approved a draft law allowing family-owned businesses to list on the country's financial markets as new research reveals that over three-quarters of advisers expect high net worth families to become more global over the next five years. The draft law amends provisions in Federal Law No. 18 of 1981, otherwise known as the 'Agency Law' that regulates commercial agency and distribution agreements within the country. The amendments come within the "framework to enhance the country's trade and investment development and boost the UAE's competitive business climate...

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