Higher foreign ownership limits to boost UAE investment flows | Business – Gulf News:
A number of listed companies in the UAE, particularly banks, have announced their intention to increase foreign ownership limits (FOL), attracting higher portfolio investments into the UAE.
Analysts expect the increased foreign investment into domestic banks to offer manifold benefits for the institutions concerned, the stock market and the economy as a whole.
“Increasing foreign ownership levels would enable banks to broaden their investor base and attract capital at a time when economic uncertainty looms large. It also bodes well for the privatisation programme and shall sustain capital inflows into UAE,” said M.R. Raghu, head of research at Kuwait Financial Centre (Markaz).
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