Securities” approves the registration of a new company in the field of real estate investment and tourism

“Media in Abu Dhabi 10 July 2018,
The Securities and Commodities Authority (JSC) has approved a private joint stock company to operate in the field of real estate investment and tourism in order to be listed on the second market in the Abu Dhabi Securities Exchange.
In 2014, the TRA launched the second private equity market as part of an integrated strategic plan aimed at leading the development of financial markets and contributing to the growth of the national economy according to international standards and practices in line with the objectives of the vision of the UAE 2020 To the competitiveness of the State in various indicators, reports and international forums.
The second market contributed about 4 years to the increase in trading in the financial markets in general and the positive role it played in providing an organized and transparent investment window benefiting individuals and funds operating in the markets and private and family companies wishing to offer shares to contribute.
The second market encouraged many private and family companies to engage outside investors to acquire stakes in them, which increased the investor base in the markets in general and created new investment opportunities.