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Dubai Investments to raise cap on foreign ownership  Join our daily free Newsletter

MENAFN - Khaleej Times - 24/03/2014
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(MENAFN -Khaleej Times) dubai investments plans to increase the limit on foreign ownership of its shares to 35 per cent of its total capital the company said on sunday

Foreign investors now hold 13.7 per cent of dubai investments’ shares out of the total 20 per cent allowed bourse data shows.

The firm’s shareholders including sovereign fund investment corp of dubai that has an 11.5 per cent stake will vote on the proposal at a meeting on april 15 the company said.


The proposal follows similar moves by other dubai-listed companies such as deyaar union properties and mashreq.

 
 


Khaleej Times




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