The Securities and Commodities Authority has stated that there are 11 advantages in converting private and family joint-stock companies into public joint stock companies, stressing that the UAE attaches great importance to encouraging private and family companies to transform into public joint stock companies, through its continuous endeavor to develop the financial market and update regulations and legislation in accordance with the best Global standards, which facilitate the transformation process, realizing that this provides an opportunity to provide new financing channels for these companies, and offers more options for investors at the same time, as well as businessmen who wish to contribute to these companies.
And the authority indicated, in a recent awareness-raising bulletin, which the Emirates Today obtained, a copy of it, that the authority is doing its best to support the transformation of companies into a public shareholding, believing that this contributes to the consolidation of the rules of its governance and protecting it from faltering, and encourages the citizens of the state to do business and invest in it .
The awareness leaflet detailed 11 features of this transformation:
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