The UAE authority said that it 'reiterates the importance of taking precautions in outdoor work environments where it is difficult to suspend operations'
Shaikh Saqer bin Ahmed bin Sultan Al Qassimi, chairman, The Group, said: "The new Sharjah-based company will focus on tapping potential investment opportunities in all the emirates in the UAE. The company will specifically target UAE youth by offering them a chance to benefit from the unlimited prospects the booming investment sector throw up.
The subscriptions to the newly established company, will be limited to UAE nationals and will open on July 16, 2005 with each share priced at Dh1000. The UAE nationals under the age of 18 will be eligible to subscribe with a minimum investment of Dh2000. For those above 18, minimum subscription limit is placed at Dh 20,000. For corporates and financials institutions, the minimum investment limit is pegged at Dh100,000.
Sulaiman Al Fahim, chief executive officer, The Group, said: "Shaikh Saqer will have 30 per cent equity stake in The Group to support this investment venture. We are already working on development plans for new real estate and recreational projects in the UAE. The company plans to have a UAE national woman on the board of directors.
The decision reflects the importance we place on the role of women in the corporate world and exhibits our faith in the skills and capabilities of national women. We are keen to give national women an opportunity to participate in chalking out business strategies for our future. We consider this an important step in accelerating UAE women's contribution to the overall development of the economy."
The UAE authority said that it 'reiterates the importance of taking precautions in outdoor work environments where it is difficult to suspend operations'
Fallout from Iran's actions were to an extent priced in by markets
DXB said in a statement that airport 'recovery will take some time' after there was flooding caused by rainwater on the runway
The 22-time Grand Slam title winner was returning to action for the first time after missing most of the 2023 season
For the company's founders, it was a way to give back to the community
Unlocking Holistic Health: Camp to address all acute and chronic issues
Pizza Di Rocco expands into new communities
World No 3 focused on winning in Stuttgart, Madrid or Rome to get a title on the surface under her belt