UAE Update – SCA Board Approves Regulation for Rights Issue
The board of directors of Securities and Commodities Authority (SCA) has approved a draft regulation for trading in capital increase issue rights. The approval, which came during a board meeting, held at the SCA’s Dubai headquarters and presided over by the board chairman, H.E Sultan bin Saeed Al-Mansoori, Minister of Economy, was part of the SCA’s regulatory and oversight role and reflects the SCA’s commitment to issuing regulations that would sustainably organize business transactions of the local markets, giving the latter greater in-depth and providing it with new investment tools.
