Emirates NBD, Dubai's largest bank, raised its foreign ownership limit to 20 percent from 5 percent, it said in a statement on Monday.
The bank plans to seek approvals from shareholders and regulators to boost its foreign ownership limit to 40 percent, it added.
“The announcement will strengthen the UAE’s proposition as one of the most attractive economies for foreign direct investment and contribute to increased liquidity and depth in the UAE’s capital markets, said Sheikh Ahmed Bin Saeed Al Maktoum, chairman of Emirates NBD.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}