Abu Dhabi Securities Exchange and Department of Economic Development Abu Dhabi have proposed the region’s first regulatory framework to list Special Purpose Acquisition Vehicles (SPACs).
The framework will allow SPACs to publicly list on ADX, introducing new sources of funding to growth-stage regional companies and opening a pipeline of fast-growing companies in the emirate to global investors.
The proposal is the latest ADX initiative to utilise innovative financial tools and help investors capitalise on emerging opportunities. It reflects ADDED’s commitment to agile regulation that accelerates the emirate’s economic diversification and growth.
