H.E. Khalifa Salem Al Mansouri, Chief Executive of ADX Said: “The UAE Cabinet approval of a draft law amending provisions within the nation’s Federal Law No. 18 of 1981, otherwise known as the ‘Agency Law is considered a pivotal step towards enhancing the UAE’s a trade and investment development. The amended law intends to encourage both the transformation of family-owned businesses to join our country’s financial markets and the UAE nationals to invest in public shareholding companies granting them with the expected necessary statutory protection. The move will directly benefit ADX’s customer-centric strategy in contributing towards bolstering the UAE economy by increasing investment opportunities through the provision of both high-quality services and tailored financial products. Those designed to provide stable financial performance with diversified sources of income for all investors. The new law should encourage family-owned companies to take advantage of ADX’s advanced technological infrastructure to convert into joint-stock companies”.
