The UAE Ministry of Economy has issued a directive requiring private joint-stock companies to allocate at least one board seat for women, effective after current board terms end.
Beginning in January 2025, the initiative aims to improve corporate diversity and boost women’s leadership roles. Ministerial Resolution No. (137) of 2024 follows a similar mandate for public joint-stock companies, which has already delivered positive results in economic performance.
Abdulla bin Touq Al Marri, UAE Minister of Economy, highlighted the pivotal role women have played in business, finance, and investment, describing them as crucial partners in economic growth and global competitiveness. He stated that this decision would enhance private companies’ performance by benefiting from the experience of successful business women.
Al Marri also expressed gratitude to Sheikha Manal bint Mohammed bin Rashid Al Maktoum for her efforts to increase women’s participation in the economy, with a target of 30% representation in leadership roles by 2025.
The Ministry urged private joint-stock companies to consider this requirement in future board restructuring plans, emphasising the UAE’s commitment to women’s empowerment and sustainable development. This decision builds on the 2021 mandate by the UAE Securities and Commodities Authority, which required public joint-stock companies listed in Abu Dhabi and Dubai to appoint at least one female board member.
By extending this requirement to private companies, the UAE strengthens its vision of empowering women and ensuring their representation in leadership positions, supporting the nation’s economic growth and its global competitiveness.
