U.A.E Approves Draft Law to Allow Family-Owned Companies to List - 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.
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