Markets soar in Saudi Arabia as reports suggest foreign ownership caps could be lifted
Foreign Ownership Limit
Latest in Foreign Ownership Limit
100% foreign ownership
ADX-listed Dana Gas announces 100% ownership for foreign investors
Foreign investors could previously only own 49 percent of Dana Gas’s shares
100% foreign ownership
UAE cooling major Tabreed to allow 100 percent foreign ownership in the company
The announcement led to the company share price posting a jump of more than 10 percent on DFM on Tuesday to close at AED3.15
100% foreign ownership
Middle East’s biggest courier Aramex increases its foreign ownership limit to 100 percent
The move makes it the “first onshore UAE company listed on the DFM to allow for full ownership of its free-floating shares by foreign investors”, the company said
Central Bank of the UAE
Sharjah Islamic Bank increases foreign ownership to 40 percent following regulatory approvals
Sharjah Islamic Bank has witnessed a noticeable and active improvement in the performance of its share price, with the increase of foreign ownership to 40 percent providing an additional incentive to promote the trading of the bank’s shares in local markets
Dubai Islamic Bank
Dubai Islamic Bank raises foreign ownership to 40%
Foreign ownership limit increased from 25%, driven by strong investor demand
100% foreign ownership
Qatar stocks rise on plans to allow full foreign ownership
The cabinet approved a draft law that will allow overseas investors to own up to 100 percent of listed companies
Du
Du parent company raises foreign ownership limit to 49%
Emirates Integrated Telecommunications Company says move is likely to increase liquidity and investment enquiries from overseas
Abu Dhabi
FAB’s shares rise following plan to remove foreign ownership limit
First Abu Dhabi Bank’s proposal is subject to the supervision of regulatory authorities and would require amendments to the current laws and policies
100% foreign ownership
UAE banking giant eyes removal of cap on foreign ownership limit
First Abu Dhabi Bank has proposed removing a cap on the foreign ownership limit in its shareholders
Abdullah bin Mohammed Al Nuaimi
Owning it: lifting the cap on foreign ownership in the UAE
The recent move is part of a series of ambitious plans to attract foreign investment to the UAE
foreign ownership
Saudi Arabia said to mull relaxation of foreign ownership limits
Capital Market Authority chief says he is considering relaxing a 49% limit for foreign investors in shares of listed companies in Saudi Arabia
Abu Dhabi
First Abu Dhabi Bank’s foreign-ownership change lifts Abu Dhabi stocks
First Abu Dhabi Bank’s raised cap for foreigners could trigger passive inflows of about $730 million from investors
Abdulhamid Saeed
Shareholders of UAE’s largest bank approve record $2.2bn dividends
First Abu Dhabi Bank’s general assembly meeting also approves plan to increase foreign ownership limit to 40%
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Abu Dhabi
Abu Dhabi’s FAB surges as it seeks to raise foreign ownership
The UAE’s biggest lender aims to raise the cap to 40% from 25%
foreign direct investment
Video: UAE’s 100% foreign ownership rule explained
Arabian Business’ Shruthi Nair explains the new 100 percent foreign wwnership Rule. Traditionally, 100 percent foreign ownership of a UAE company was only possible under two circumstances: when setting up in a free zone or when establishing a professional services company.
Dubai economy
Opinion: Dubai and the art of bouncebackability
We have all chosen to make Dubai our home and therefore owe a degree of loyalty, says Reda Raad, chief executive of TBWARAAD
