Insurance House has agreed to raise the cap on foreign ownership in the business to 25 per cent just days after its public listing.
The move by the Abu Dhabi insurance company comes as firms seek to help the UAE gain "emerging-market" status from the index provider MSCI.
"We will give an opportunity to foreign investors to participate in our promising venture by building a successful and established relation with them," said Mohammed Alqubaisi, the chairman of Insurance House.
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