Abu Dhabi’s stock market will receive a much needed liquidity boost if foreigners are allowed to own shares in etisalat, analysts said on Thursday.
Amid conflicting reports over whether the UAE’s largest telco is set to undergo a transformation of its corporate structure, industry experts believe institutional investors would be very interested in acquiring etisalat’s stock.
Arabic newspaper Emarat Al Youm reported a new law governing etisalat may be amended to allow overseas investment in the telco. But etisalat - in a statement to the Abu Dhabi Securities Exchange (ADX) - said it was unaware of any new legislation.
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