23,000 female citizens run projects worth 50 billion dirhams

During the work of the “Boards of Directors Summit 2021”.

From the source

Sheikha Shamma bint Sultan bin Khalifa Al Nahyan said that women in the UAE constitute 66% of the workforce in the public sector, noting that 30% of them occupy leadership positions, and 15% in technical and academic roles, and at the same time, entrepreneurship has accelerated Significantly, as more than 23,000 Emirati businesswomen run projects worth more than 50 billion dirhams.

Sheikha Shamma bint Sultan bin Khalifa Al Nahyan, in a recorded speech before the “Boards of Directors Summit 2021” held in Abu Dhabi yesterday, confirmed that after the decision issued by the Securities and Commodities Authority last March, more than 113 companies listed in the stock markets must The UAE employs at least one woman on its board of directors. She added, "The Board of Directors Summit is an ideal opportunity to meet with our partners, public and private sector experts, and aspiring participants in Path 20, the first accelerator program in the Gulf countries to stimulate gender balance in boardrooms."

For his part, the Minister of Economy, Abdullah bin Touq Al-Marri, said that the UAE is the first country in the region and the second in the world to issue binding legislation in 2012 to represent women on the boards of directors of government institutions and agencies by a decision of the Council of Ministers.

He added, "The establishment of the Emirates Council for Gender Balance in 2015 played a vital role in bridging the gender gap in all sectors of the economy, and enhancing the country's position globally."

Bin Touq continued: "Another major initiative entered into force in 2016, with the Securities and Commodities Authority's adoption of the Guide to Standards of Institutional Discipline and Governance of Public Shareholding Companies, which included a condition that a percentage of women's representation of at least 20% on boards of directors must be met."

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