Friday 25 April 2014
 
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foreign ownership

Rakbank seeks to double foreign ownership limit

Shareholders of National Bank of Ras al-Khaimah (Rakbank) will meet on May 1 to decide whether to allow foreigners to hold up to 40 per cent of its shares, the lender said in a bourse statement on Monday. The bank, which is listed

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Deyaar approves 25pc foreign ownership

Shareholders of Dubai property developer Deyaar have approved a plan to allocate 25 per cent of its share capital to foreigners, the company said on Saturday. At present, investors in Gulf  countries can own up to 49 per cent

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Union Properties to lift foreign ownership cap

Dubai's Union Properties said on Monday that its board of directors had recommended increasing the cap on how much foreign investors can own in the developer to 25 percent. The firm did not say from what level it was raising t

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Mashreq hikes foreign stake limit to 49pc

Dubai's Mashreq has increased the limit on foreign ownership of its shares to 49 percent, its chief executive said on Monday, in line with a wider move by companies in the UAE to open up to international investors. Companies a

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Deyaar allocates 25pc share ownership to foreigners

Deyaar Development said the company board has recommended allocating 49 per cent of its share capital, open to non-UAE nationals, to GCC and foreign investors, provided that the share of capital owned by foreigners does not exceed 25 per cent.

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Dubai Islamic to raise foreign ownership limit

Dubai Islamic Bank, the largest sharia-compliant lender in the emirate, said on Wednesday it would increase its foreign ownership limit to 25 per cent from 15 per cent. The bank said the decision had been approved by its board of

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Top Qatar banks to raise foreign ownership limits

Commercial Bank of Qatar (CBQ) and Qatar Islamic Bank (QIB) have asked Qatar Exchange to increase the number of their shares available to foreign investors to 25 percent of their market capitalisation, the exchange said on Wednesday.

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Sri Lanka to ease foreign ownership restrictions

Sri Lanka will allow foreigners full ownership of businesses if they invest more than $10 million, a minister said, and the measure will likely be introduced within two months. The proposed change comes as the $59 billion economy

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UAE council rejects new foreign ownership rules

  A government body in the UAE has rejected draft legislation that would have eased tight controls on foreign ownership of companies, with members citing security fears and threats to local business

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Finance House approves foreign ownership of shares

Abu Dhabi-based Finance House (FH) has approved opening up of shareholding to foreign ownership to an extent of 20 per cent of its paid up equity share capital. An Extraordinary General Meeting (EGM) approved this proposal. Mohamm

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