Jebel Ali Free Zone companies now able to list on NASDAQ Dubai
Companies established in the Jebel Ali Free Zone (JAFZ) can now apply to list shares on NASDAQ Dubai.
Jebel Ali Free Zone Authority (JAFZA) is the largest free zone in the UAE and hosts more than 7,300 trade and manufacturing companies. NASDAQ Dubai is an international stock exchange, located in the Dubai International Financial Centre and regulated by the Dubai Financial Services Authority (DFSA).
There are currently a number of different companies regulations in JAFZ, pursuant to which different types of entity may be established. However, the various regulations do not provide a legislative framework that enables JAFZ entities to access capital markets, with both restrictions on the maximum number of shareholders permitted and prohibitions on companies offering their shares to the public…
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