Regulatory Alerts2021-12-15
National Shareholding in Banks Regulation
The Central Bank of the UAE issued this regulation to enforce a minimum 60% national shareholding requirement for all banks incorporated in the UAE. Banks and their boards of directors must take reasonable measures to maintain compliance with this threshold and ensure shareholder voting decisions align with Central Bank Law. The Central Bank retains powers to intervene in general assembly meetings and impose supervisory sanctions, including board replacement or sector bans, for non-compliance.
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