Browse related articlesDIFC to be hub for family offices
United Arab Emirates: Wednesday, June 18 - 2008 at 10:35
The Dubai International Financial Centre has announced new regulations to encourage ultra-wealthy families to establish single family offices at the DIFC. The new rules aim to create a platform for wealthy families to set up holding companies at the DIFC to manage private family wealth and family structures anywhere in the world. Dr Omar Bin Sulaiman, Governor of the DIFC, said more than 75% of firms in the Middle East are family-run and total assets of these firms exceed $1tr.
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Jeff Florian, Senior ReporterWednesday, June 18 - 2008 at 10:35 UAE local time (GMT+4)
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