Abu Dhabi: The Securities and Commodities Authority (SCA) is working with the Ministry of Economy and the Organisation for Economic Co-operation and Development to launch a new international initiative to create a platform for funding small and medium-sized enterprises, SMEs, said Dr Obaid Al Za’abi, CEO of the SCA.

In his statement to the Emirates News Agency, WAM, Dr Al Za’abi said that the SCA is coordinating with the Ministry of Economy, which will provide the regulatory and legislative framework for funding SMEs, while affirming that once the regulatory framework is created, the SCA and the markets will be prepared to launch the platform.

According to the SCA, the process for funding such companies will involve monetary funds, which will have the authority to collect the necessary funding for these companies.