DWTCA introduces multiple share class framework to power growth

Dubai World Trade Centre Authority (DWTCA) has introduced a comprehensive framework enabling registered companies in the DWTC Free Zone to issue multiple classes of shares tailored to their strategic needs.

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This landmark reform enhances flexibility in capital structuring and governance, empowering businesses to scale, attract investment and innovate. It further reinforces Dubai's status as a global hub for business and supports the Dubai Economic Agenda, D33, which aims to double the size of the emirate’s economy by 2033 and position it among the world’s top three urban economies.

Under the new framework, companies registered in the DWTC Free Zone can now issue a broader range of share classes beyond the traditional ordinary shares, including preference shares, founder's shares, restricted shares and tiered structures such as class A/B/C/D shares. These share structures can be tailored through a company’s Memorandum of Association (MOA) to define specific rights and restrictions covering dividend entitlements, voting powers, transfer conditions, redemption or conversion options and safeguards for minority shareholders.

The DTWCA framework also establishes robust governance safeguards designed to protect shareholder rights and maintain transparency.