Dubai’s Deyaar approves 25% foreign ownership | GulfNews.com:
"Shareholders of Dubai property developer Deyaar have approved a plan to allocate 25 per cent of its share capital to foreigners, the company said on Saturday.
At present, investors in Gulf Cooperation Council countries can own up to 49 per cent of Deyaar’s shares; they currently hold 3.7 per cent, bourse data shows, while those from outside the GCC have not been allowed to own any stake.
The company said the shareholders approved the allocation at a meeting on Thursday. Its share price jumped 11.8 per cent as its shareholders met to vote on the recommendation made by the company’s board in February."
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