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Tuesday, May 28, 2024

Securities & Commodities Authority calls on Al Habtoor Group

by Joanna Andrews

Securities & Commodities Authority calls on Al Habtoor Group

The Chairman of Al Habtoor Group welcomed officials from Abu Dhabi’s Securities & Commodities Authority (SCA) at the Group’s head office in Dubai on October 23.

Khalaf Al Habtoor along with Mohammed Al Habtoor, Vice Chairman & CEO and Mohammed Fadhel Al Mazrooei, Managing Director of the Al Habtoor Group met HE Abdulla Alturifi, CEO of the Securities & Commodities Authority, Ayman Heikal, Legal Advisor and Saeed Al Saboosi, Issuance Section Head.

The SCA, which regulates the share market, aims to develop the capital market in the United Arab Emirates and help contribute to national economic growth. It recently introduced new rules to broaden the share market horizon, by bringing in new institutional players who are equipped with tools that can create demand and supply for shares in order to boost trading volumes.

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