No voting rights for foreign investors says Etisalat | GulfNews.com:
"Etisalat said on Wednesday foreign investors (FIs) will be allowed to hold up to 20 per cent of its shares, but these investors won’t have any voting rights.
So far, Etisalat, the largest company in terms market value in the country, allows only local investors to own 40 per cent in the company, the remaining 60 per cent is held by the Emirates Investment Authority (EIA).
But in June, the company ended the monopoly of the local investors over the stock, by allowing foreigners to hold 20 per cent stake, and approved of more details after the amendments to its Articles of Association."
'via Blog this'
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