UAE bank Mashreq might lift foreigners’ share limit – again | The National:
"Mashreq might make a second increase in the percentage of its shares that foreigners can own, the bank’s chief executive said yesterday.
Abdul Aziz Al Ghurair’s comments came the day after Mashreq announced that it had increased the proportion of its shares that could be owned by non-Emirati investors to 20 per cent from 0.9 per cent following approval from the market regulator.
If the change lifts the shares, he said, the limit could be lifted further still.
“If it’s a success we can always consider it,” he said."
'via Blog this'
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