Page 57 - Commodities Authority News Today

Total requirements for 118 business activities regulated by ADDED were reduced from 709 to 162

The announcement comes as the UAE pushes to further diversify its economy and compete with larger markets.

The announcement comes as the UAE pushes to further diversify its economy and compete with larger markets.

Sponsors will be required to raise a minimum of Dh100 million in the Initial Public Offering (IPO) and units sold will comprise warrants that give investors and spon...

These special purpose entities offer an option to companies other than IPOs

The United Arab Emirates Securities and Commodities Authority has approved a regulatory framework for special purpose acquisition companies , the first in the Gulf, the Abu Dhabi Media Office... | January 24, 2022

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Sponsors will be required to raise a minimum of AED100 million ($27 million) in the Initial Public Offering (IPO).

ABU DHABI, 24th January, 2022 (WAM) -- The Abu Dhabi Securities Exchange (ADX) welcomes the Securities and Commodities Authority’s (SCA) approval of the region’s first Special Purpose Acquisition Company (SPAC) regulatory framework, paving the way for the listing of the first SPAC on the ADX this year. The first of its kind in the GCC, the SPAC regulatory framework was developed by ADX and Abu Dhabi’s Department of Economic Development (DED), in conjunction with the SCA and leg...

(Bloomberg) -- Abu Dhabi regulators approved a framework for special purpose acquisition companies, looking to capture some of the blank-check boom that has gripped global markets for the past two years.