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Monday, 30 January 2017

Abu Dhabi Global Market attracts dozens of special purpose vehicles | The National

Abu Dhabi Global Market attracts dozens of special purpose vehicles | The National:

"Abu Dhabi Global Market, the capital’s financial free zone, has attracted more than 50 special purpose vehicles (SPVs) to register in its jurisdiction as part of a strategy to widen its offering to investors and corporates.

SPVs allow companies to own assets at arm’s length and can be used for specific assets or transactions. They are deployed for a variety of purposes including efficient corporate and financial structuring, risk management and ring-fencing of assets and liabilities.


Many SPVs are established in offshore centres around the world, but ADGM is keen to give its members the opportunity to keep financial assets and transactions in the UAE."



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