Decree issued on buying shares in UAE firms

ABU DHABI - Shaikh Sultan bin Zayed Al Nahyan has issued a Council of Minister's decree stipulating that AGCC countries' citizens were entitled to own shares in financial institutions and establish partnership companies in the UAE in accordance with applicable regulations in the country.

By A Staff Reporter

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Published: Wed 12 May 2004, 9:29 AM

Last updated: Thu 2 Apr 2015, 12:25 PM

The decree also requests the ministers and institutions concerned to issue the appropriate by-laws for the execution of the decree takes effect as from date of issue.

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