The UAE Ministry of Economy has mandated private joint-stock companies to include at least one woman on their boards after the completion of the current board’s term. The implementation of this decision will begin in January 2025.
The decision is part of the UAE’s broader strategy to enhance its global competitiveness and increase diversity and women’s representation in leadership roles.
The directive has been issued under Ministerial Resolution No.137 of 2024, which aims to improve the governance and operations of private joint-stock companies, following the successful implementation of a similar rule for public joint-stock companies.
Abdullah bin Touq Al Marri, Minister of Economy, stressed the commitment to empowering women in various fields, particularly in economic development.
“Over the past decades, women in the UAE have consistently proven their capabilities, making significant contributions to the business, financial, and investment sectors,” he said. “This decision will bring added value to private joint-stock companies, enhancing their institutional performance by drawing on the insights and experiences of successful businesswomen in the country.”
The Minister also expressed gratitude to HH Sheikha Manal bint Mohammed bin Rashid Al Maktoum for her efforts to increase women’s participation in the economy, including initiatives like the “Women on International Boards” programme. The goal is to raise women’s representation in leadership roles to 30% by 2025.
Mona Ghanem Al Marri, Vice President of the UAE Gender Balance Council, praised the strategic collaboration with the Ministry of Economy, noting that the decision will significantly advance gender balance and contribute to economic growth.
“This initiative not only advances social development but also contributes to raising the UAE’s status as a prominent global investment destination. We look forward to deepening this partnership to advance the UAE’s strategic goals and further cement its growing status as a global leader in gender balance,” she added.
In 2021, the UAE mandated public joint-stock companies to have at least one woman board member. Extending this requirement to private joint-stock companies further supports the UAE’s vision to empower women in corporate leadership.
