FINANCIAL NEWS

Dubai Investments plans to increase foreign hold cap

23 Mar 2014

(MENAFN) Dubai Investments said that it plans to increase the limit on foreign ownership of its shares to 35 percent of the total capital, Arabian Business reported.

Currently, foreign investors hold 13.7 percent of company’s shares out of the total 20 percent allowed.

The company said that shareholders in the firm are to vote on the proposal at a meeting in mid-April.

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