Aramex wants amendment to foreign shares ownership | The National

Aramex wants amendment to foreign shares ownership | The National:



"Aramex, the UAE-based logistics and transport company, wants the limits on foreign ownership of its shares amended amid strong global demand for its equity from international investors, its chief executive said yesterday.



Speaking as the company, quoted on the Dubai Financial Market, unveiled a strong set of financial figures for 2013, Hussein Hachem said: “There is a queue for our stock from global investors. Having the foreign ownership limits is a handicap for us, because we are a global company. More liquidity would be very positive for us.”



He added that foreign investors could not buy any more shares in Aramex because they had reached the 49 per cent ownership limit imposed by UAE law."



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