Aldar raises foreign ownership limit by 9% | ZAWYA MENA Edition:
"Aldar Properties (Aldar) today announced its Foreign Ownership Limit (FOL) has been increased to 49 per cent, from 40 per cent, following completion of all regulatory formalities and will be implemented for trading effective today. This follows shareholder approval of the increase at Aldar’s 2018 Annual General Meeting, which was held on 21 March 2018. “Active engagement with international investors has been an important focus for Aldar over the past few years and we have seen significant growth in our international shareholding over this time. The increase in our Foreign Ownership Limit to 49 per cent will support further growth in our international shareholding, as well as providing greater liquidity in the stock as we embark on our growth strategy within Abu Dhabi and beyond,” said Talal Al Dhiyebi, CEO of Aldar."
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