CEO Message

CEO Message

About SCA

Dr. Obaid Saif Hamad Al Zaabi


The Securities and Commodities Authority (SCA) plays an instrumental role in providing opportunities for investing savings and funds in securities and commodities, as well as in safeguarding the rights of investors and facilitating the provision of funds to companies to ensure economic and financial stability and serve the interest of the national economy in line with the UAE Vision 2021, developed by the country’s wise leadership and closely followed by the UAE President, H.H. Sheikh Khalifa bin Zayed Al Nahyan, and his brother, H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai.

In this context, SCA’s mission is centered on putting in place the infrastructure foundations of the UAE-based securities and commodities markets, regulating innovative financial services and products, building bridges of cooperation and communication with international institutions, and raising its status and reputation at the local, regional, and international levels.

SCA had come a long way in developing the legislative infrastructure to keep pace with the latest developments in world markets, create a sound financial market where supply-and-demand mechanisms interact, support market regulatory components, raise the effectiveness and efficiency of inspection and supervision, take duly preventive measures, and enhance investment awareness of all financial market participants.

SCA makes sure that its role is in consistency with the initiatives contained in its strategic and operational plans and that it is derived from its vision, mission, and values aimed at developing the UAE-based securities and commodities markets by ensuring the application of the principles of transparency, integrity, and fairness; encouraging the culture of innovation; supporting institutional development; forging close partnerships with active institutions in the financial community and with local and international strategic partners; as well as by empowering nationals in supervisory and specialized positions.

Undoubtedly, the coming period will see further work and increased effort to strengthen the investment environment, create a favorable investment atmosphere to attract investors through drafting legislation to regulate securities products, ownership and trading mechanisms, supporting services, supervision elements, which all help to improve the securities sector and upgrade the UAE markets from emerging to developed status, as well as to make the best use of the good performance of listed companies and their profitability, the distinguished infrastructure of the UAE, and the robust foundations upon which the national economy is built.

Finally, SCA is sure that development is achieved through the best use of strengths, careful and systematic planning, hard work, determination to be at the top, and keeping up with the UAE government’s plans and aspirations.

May Allah bless us all.

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Dr. Obaid Saif Hamad Al Zaabi

Chief Executive Officer

Dr. Obaid Saif Hamad Al Zaabi has wide-ranging practical experience in financial legislation, accounting, banking, and finance and investment gained from working with many leading financial institutions across the UAE, the US, the UK, and Malaysia. He served as Deputy Chief Executive Officer for Issuance and Legal Affairs and as SCA's Dubai Office Manager. Prior to that, he worked as Advisor of Research and Studies and as Director of the Research and Awareness Department. He also worked as Senior Manager for International Business at a real estate finance company and has distinctive experience in managing the operations of bank branches. Dr. Al Zaabi also worked in accounting and auditing for a number of institutions, including the UAE Central Bank.

Dr. Al Zaabi received his PhD in Finance and Banking from the UK-based Durham University in 2006, his MBA in 2000, and his BSc in Business Administration and Accounting from the United Arab Emirates University in 1989.

After SCA has become a member of the International Organization of Securities Commissions (IOSCO) (2018-2020), Dr. Al Zaabi was named Vice Chair of the IOSCO Board and Chair of the Growth and Emerging Markets Committee (GEMC), IOSCO's largest committee, which includes 90 ordinary members and 20 affiliate members. He also served as Co-Chair of the MENA-OECD Working Group on Corporate Governance. Dr. Al Zaabi was appointed as a Vice Chairman of the UAE Financial Restructuring Committee.

Dr. Al Zaabi is a full member of the Australia-based Institute of Certified Management Accountants (ICMA). He received the Certified Public Accountant (CPA) qualification from the UK and the Certified Islamic Professional Accountant (CIPA) qualification from the Accounting and Auditing Organization for Islamic Financial Institutes (AAOIFI). He is a member of the US-based Institute of Financial Consultants (IFC) and of the UAE-based Accountant and Auditors Association (AAA). Dr. Al Zaabi is also a board member at the GCC Accounting and Auditing Organization (GCCAAO), a member of the US-based International Federation of Accountants (IFAC), a member of the Advisory Board of the Regional Centre for Sustainable Finance (RCSF) in Egypt, and a member of the Islamic Financial Services Board (IFSB) in Malaysia.

Dr. Al Zaabi has been engaged in academic work at the bachelor's and master's levels in the fields of finance and investment at a number of prestigious UAE-based universities, including the University of Sharjah and the British University in Dubai. He chairs the Advisory Board of the College of Graduate Studies for financial and administration programs at the University of Sharjah (UoS) and is a member of the Advisory Board of the College of Business Administration at the United Arab Emirates University (UAEU).

Dr. Al Zaabi represented SCA and participated in working groups of many international organizations, including, in addition to IOSCO, the Financial Stability Board (FSB), the Union of Arab Securities Authorities (UASA), the Committee of Heads of the GCC Financial Market Authorities, the GCC Accounting and Auditing Organization (GCCAAO), and the Malaysia-based Islamic Financial Services Board (IFSB).

  1. The CEO Award 2016 from Finance Monthly in the UK.The 4th Middle East Financial Markets Excellence Award from the Middle East Excellence Awards Institute, 2016.
  2. The Inclusive Finance Awards 2020 - Outstanding Contribution to Inclusive Finance, UAE 2020.
  3. The Sheikh Rashid Award for Academic Excellence, 2006.
  4. The Outstanding Impact Award for exemplary performance at the level of international relations, an award given as part of Al Forsan Employment Incentive Program, 2014.
  5. The Sheikh Rashid Award for Academic Excellence, 2006.

Keynote Speeches

Keynote Speeches

Title Event File
2020 MEETING OF THE MENA-OECD WORKING GROUP ON CORPORATE GOVERNANCE Middle East Investor Relations Association Annual Conference Download
Opening Remarks for Dr Obaid Al Zaabi, CEO, SCA UAE& Co – Chair OECD MENA Working Group OECD MENA Working Group Download
Keynote Speech HE Dr Obaid Al Zaabi CEO, Securities & Commodities Authority Corporate Restructuring Summit Corporate Restructuring Summit Download
Keynote SpeechHE Dr Obaid Al ZaabiCEO, Securities & Commodities Authority11th Middle East Investor Relations Association Annual Conference Middle East Investor Relations Association Annual Conference Download

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