Dubai PR Network, Online Press Release from Dubai and Middle East
 
Money, Business & Investments(Banking & Investments)
Filter PR by
  
Dubai Investments raises foreign ownership cap to 49%
 

Dubai, November 29, 2017:  Dubai Investments PJSC [DFM: DIC], the leading, diversified investments company listed on the Dubai Financial Market, has raised foreign ownership limit in the company from the existing 35% to 49%. A proposal to this effect was approved by shareholders at the General Assembly Meeting held on Wednesday [November 29].

Raising the limit to 49% is part of a wider move by Dubai Investments to open up to international investors. The proposal assumes significance after the recent addition of Dubai Investments’ shares in the MSCI Emerging Market Index. 

In his address at General Assembly Meeting, Sohail Faris Ghanim Al Mazrui, Chairman of Board of Directors of Dubai Investments, said: “The proposal to raise the cap to 49% of the capital was aimed at encouraging share ownership to more foreign investors. The Company feels that there is an appetite among foreign investors to invest – which is restricted by keeping the cap at 35%.” 

The provisions of the special resolution to raise the limit is in line with the Federal Law No. 2 of 2015 relating to Commercial Companies. The foreign ownership cap on Dubai Investments shares was 20% from the date of its listing on Dubai Financial Market in 2000 till 2014, when it was raised to 35%. 


Posted by : Dubai PR Network Editorial Team
Viewed 11175 times
PR Category : Banking & Investments
Posted on : Wednesday, November 29, 2017  5:45:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Centrify Innovations Embrace Zero Trust Security
Next Story : Wishes by Kamal Vachani on the occasion of 46th National Day...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Mouawad Acquires The 51.38 Carat Dynasty Diamond From ALROSA [17403-Views]
Cerruti 1881 MOLVENO timepiece and cufflinks [13286-Views]
Nazih Introduces New Dr. Renaud Skincare Range [8601-Views]
Five Awesome Reasons to Visit LEGOLAND® Dubai During the Eid Al Adha Holiday [8546-Views]
Back-to-School Shopping Made Easy with SOUQ.com [8442-Views]
Business Wear by Hugo Boss [7564-Views]
The new Rado HyperChrome Chronograph in bronze and high-tech ceramic [7393-Views]
Head to Modhesh World for Summer Fun Before the School Run [7387-Views]
Spectacular live entertainment for the entire family at Majid Al Futtaim malls in the UAE ... [7033-Views]
Never Run Out of Space for Those Joyful Summer Holiday Memories With Western Digital [6917-Views]
Eid Gift Guide 2018 [6887-Views]
Eberhard & Co. immortalizes a legend [6411-Views]
Trend Alert! Clueless About Plaid? kate spade Found Fresh Ways to Showcase the Gorgeous Pr... [6259-Views]
New Addition to the HUAWEI Nova 3 Series: On-trend and fashionable HUAWEI nova 3i now on s... [6039-Views]
The Marriott International cyclist team completes 600km R2A cycle challenge [5893-Views]
The Moon Collection From Lacoste [5826-Views]
OMEGA Showcases its Passion for Golf at the 2018 PGA Championship [5697-Views]
American Eagle Takes It to the Ne(X)t Level With Fall Jeans Campaign [5624-Views]
Calligraphy, etching and Palestinian embroidery: Learn it all at Tashkeel this September [5325-Views]
Samsung Launches the Galaxy Note9 in the UAE [5020-Views]
XTouch Announces the Launch of the Robot Family Range of Rugged Mobile Phones [4929-Views]
Why Are Chipmakers Making Smaller and Smaller Processors? [4831-Views]
du LaLiga HPC Top Talents Arrive in Spain for 21-day Annual Scouting Camp [4624-Views]
Aperitivo di Ferragosto [4538-Views]
Let your kids enjoy some dancing at James & Alex Dance Studios [4459-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories