Etisalat to launch stakes for foreign, institutional buyers

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On 15 September 2015, UAE telecommunications company Etisalat will give permission to foreign and institutional shareholders to have its stakes after its board of directors agreed the latest regulations governing rights.

Etisalat to launch stakes for foreign, institutional buyers

Etisalat to launch stakes for foreign, institutional buyers

Etisalat is value practically two times in so far as the second-biggest recorded UAE firm, nevertheless its openly dealt stakes can only be possessed by Emiratis, and all institutions are disqualified.

In June, Etisalat stated that it would untie these regulations to authorize foreign and institutional investors to own stakes worth up to 20% of the firm, but it stated last month that these shareholders would not be given voting rights.

Mohamed Dekkak

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