The new UAE Commercial Companies Law makes some modest changes but does not enact major reforms. It retains the 49% limit on foreign ownership of UAE companies. It aims to encourage more listings on local financial markets by lowering the free float requirement to 30% and allowing founders to sell shares during IPOs. The law also modernizes some provisions but does not address issues like liberalizing foreign investment rules or accommodating the needs of family businesses. Overall, the changes under the new law are more evolutionary than revolutionary.