Deyaar sets 25% foreign ownership cap

Deyaar Development announced it is allocating 25 per cent of its share capital to foreign investors, after the proposal was approved by the company’s shareholders. The share ownership that will be rolled out through relevant regulatory processes was approved at an extraordinary general meeting on April 3.

“Our shareholders’ interest takes top priority,” said Saeed Al Qatami, CEO. “With the UAE joining the MSCI Emerging Markets Index, it is expected that many global investors and institutions will adjust their emerging market allocations to the UAE.”


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