Abu Dhabi stock exchange proposes framework to allow SPAC listings

Abu Dhabi stock exchange proposes framework to allow SPAC listings

A general view of the Abu Dhabi skyline is seen, in this file photo taken on December 15, 2009. REUTERS/Ahmed Jadallah

Abu Dhabi has proposed a regulatory framework to allow the listing of blank-cheque companies, potentially opening the door to a slew of Gulf-focused deals involving special-purpose acquisition companies (SPACs).