Etisalat inclusion in MSCI index possible this year after opening up to foreign ownership | The National:
"Etisalat could be included in the influential MSCI Emerging Markets Index as early as August after the UAE’s biggest listed company was opened up to foreign investment.
The Federal Government’s decision to allow foreign investors to own its shares sent the stock soaring 15 per cent yesterday – the maximum allowed in a single trading session and the biggest one-day gain for the telecoms company in a decade.
Etisalat said on Monday that the Federal Government would allow non-Emirati shareholders to own up to 20 per cent of its share capital."
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