UAE says private joint-stock companies must have female board member

The Ministry of Economy has announced that privately owned joint-stock companies in the UAE must have at least one woman as a member of the board of directors.

A statement from the Ministry said: "This decision is a vital component of the nation's broader strategy to enhance diversity in the corporate sector and increase women's representation in leadership roles.

"Aligned with the UAE’s efforts to raise its global competitiveness rankings, the initiative demonstrates the leadership's unwavering commitment to empowering women, ensuring they play a vital role in the country’s sustainable development.

"This directive reflects the Ministry’s dedication to adopting global corporate governance best practices and ensuring that company boards represent all segments of society."

In 2021 the UAE's Securities and Commodities Authority (SCA) issued the mandate for public companies listed on ADX and DFM to have at least one female board member.

The latest decision comes into effect January 2025.