GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Banking and Investments

 
  Share

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 : GoDubai Editorial Team
Viewed 13109 times
Posted on : Wednesday, November 29, 2017  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : AL-Thiqa Islamic Bank Deploys ICS BANKS ISLAMIC System from ICSFS
Next Story : Wishes by Kamal Vachani on the occasion of 46th National Day of the UAE
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Delightful Duo Of Elegant Timepieces Make For A Special Valentine Day's Gift
Nothing says ‘I love you' quite like MKS Jewellery Valentine's Day Top Picks
Mesmerizing Gift Sets and Perfume for Her
Classic Smoky Eyes with Essence
Introducing Supergirl Make-Up
The Rado HyperChrome Ultra Light
Chronoswiss Shows Off Twin Limited Edition Flying Grand Regulators
Innovative, Adventurous and Accurate. It's what pilots need in a timepiece. And ...
Le Meridien Al Aqah Beach Resort Rolls out Fabulous Deals for February
The Valentine watch collection by Coach
GUESS Launches JEANS SS19 Collection for Women
212 VIP Extra Limited Edition
NuFACE launches in Bloomingdales and Harvey Nichols!
Lenovo announces Lenovo Truscale™ Infrastructure Services – a consumption-based,...
Chrono 4 Grande Taille Limited Edition - another classy reiteration of an iconic...
The Fall 2019 Michael Kors Collection Runway Show
Turkish Airlines introduces its new The LEGO® Movie 2 Inflight Safety Video, bef...
Dubai's first building biologist receives global recognition
Exclusive position in the front row of the grid: The BMW M850i xDrive Coupe Firs...
Robinsons to launch its new luxury lighting department – the latest addition to ...
UAE supermarket chain Al Maya group to launch products from Woolworths Australia
Airbus and Emirates reach agreement on A380 fleet, sign new widebody orders
Is the runway ready for HONOR View20 Moschino edition - the season's most covete...
Caroline Wozniacki chasing more success at Dubai Duty Free tennis championships
Valentines Day Gift Guide from Anker
Create a Valentine's meal to remember with LG
Jaguar Land Rover expands Ingenium family with straight six-cylinder petrol engine
SPRING 2019: MEET ‘CECE'
Greece partners with VFS Global to launch Visa Application Centres in the Kingdo...
Abu Dhabi University and Knowledge Group to participate in IDEX 2019
Okadoc helps UAE patients find a doctor and book an appointment online instantly
Customs World develops RIISE: first of its kind leading-edge Customs platform
Wellness Saturdays with H Retreats
Zayed University inaugurates largest Bloomberg Finance Lab in the Middle East
39 days shopping extravaganza brought grand success to 13 participating malls
10 things you didn't know about Space Grill
Lacoste Presents. 12. 12 Collection
H.E. Minister Buhumaid leads Dubai Cares' Walk for Education alongside 15,000 pa...
The Retail Summit officially opens
HH Sheikh Saeed Bin Hamdan Al Maktoum Cup First Ever 30 Goal Handicap Exhibition...
DAFZA to showcase its premium services to the F&B Industry at Gulfood
Ajman Free Zone announces official commitment to culture of innovation at “Digit...
Pop Star Melissa endorses Talentology 2019
Airbus to participate in the International Defence Exhibition and Conference (ID...
Celebrate Valentine's Day with IKEA
NZMP launches innovative new ingredients at Gulfood 2019 to meet growing demand ...
Bentley launches World's fastest, most luxurious SUV
Kasih Food Production Co. reveals its latest food innovation, Mezete, at Gulfood 2019
Ethihad Airways to Deploy Latest Generation 787 Dreamliners on all its Flights t...
Hundreds of local pupils to champion inclusion at schools ahead of Special Olymp...