The SPAC Framework, which became effective on 4 January 2022, allows for the formation and listing of SPACs in the UAE for the first time.
Special purpose acquisition companies (SPACs) have emerged as an important means of capital raising and have become increasingly popular amongst private equity sponsors, global investors, and target businesses as an alternative to traditional initial public offerings (IPOs) when taking a business public.
Please see full publication below for more information.