Mohammed bin Rashid adopts a decision to issue a decree of law on custody

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, approved a decision approving the issuance of a Federal Decree-Law on Custody, which provides the appropriate legislative framework for the exercise of the financial covenant business in the country.

The law strengthens support for the growing wealth management sector in the UAE and attracts foreign investments, and aims to regulate the management of capital by specialized persons or institutions with experience in the field of investment.

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