Chairman Message

Chairman Message

About SCA

H.E. Abdulla Bin Touq Al Marri

Minister of Economy,
Chairman of SCA Board

The Securities and Commodities Authority (SCA) was established in 2000 with the purpose of laying solid infrastructure foundations for the financial and commodity markets operating in the country. It has spared no effort to issue legislation and regulations that help to create favorable investment opportunities, thus making it a main pillar of economic and financial stability. It benefited from its position on the board of the International Organization of Securities Commissions (IOSCO) in the implementation of regulations, tools, mechanisms, and procedures concerning the regulation and oversight of capital markets in accordance with the best international practices.

Given the instrumental role the UAE capital markets play in promoting the national economy and putting into effect the sustainable economy strategy, SCA drew up a list of priorities, on top of which was to elevate the standing of the country’s capital markets and bring them at the forefront of advanced financial markets across the globe as well as to create a favorable investment environment that attracts investors from home and abroad.

In line with the UAE government’s vision and strategy to bolster the country’s status and enhance its competitiveness to achieve the UAE Centennial 2071 goal to make the country’s knowledge economy among the world’s best and most competitive economies, SCA continues to fulfill its mission by implementing the best international standards and practices on regulating disclosures and institutional governance and promoting investor confidence, in addition to developing regulations to license brokerage activities and investment services and to regulate public funding through securities issues.

SCA has been paying particular attention to the regulation of fintech funding by regulating fintech sandboxes and implementing fintech initiatives including the SMART system, the e-voting mechanism, the eXtensible Business Reporting Language (XBRL) system, and the smart licensing system developed by OpenText. Ultimately, the challenges facing capital markets are true opportunities to unleash potential and encourage innovation and creativity in handling these challenges and using them innovatively to sustain the growth and stability of the country’s capital markets.

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H.E ِAbdulla Bin Touq Al Marri

Minister of Economy

His Excellency Abdulla bin Touq Al Marri was appointed as Minister of Economy as part of the new Cabinet reshuffle announced by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai, on July 2020.

His Excellency has served as Secretary-General of the UAE Cabinet since October 2017 where he oversaw the functioning of the General Secretariat of the Cabinet and supported decision making and implementation within the Cabinet by introducing qualitative government initiatives and programs and revising government policies.

He previously served as Director-General of the Executive Office of His Highness Sheikh Mohammed bin Rashid Al Maktoum and oversaw the development of several key projects in Dubai, including the Hatta Development Project. He was appointed as Executive Director for Excellence and Leadership at the Prime Minister’s Office and oversaw the Sheikh Khalifa Government Excellence Program and the launch of the 4th Generation of the Government Excellence System for the Mohammed bin Rashid Excellence Award.

His Excellency Al Marri oversaw the Area 2071 project, a key driver in the efforts to realize the UAE Centennial goals, and the relaunch of the Mohammed bin Rashid Centre for Leadership Development and the Arab Strategy Forum. He also served as the Chief Executive Officer of the Dubai Future Foundation and oversaw the launch of Dubai 10X and the second and third cohorts of the Dubai Future Accelerators and the Artificial Intelligence Strategy.

His Excellency holds a bachelor’s degree in Civil Engineering from the University of Sheffield in the UK. He is also a graduate of the UAE Government Leaders Programme and the Mohammed bin Rashid Programme for Leadership Development.

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