Page 4 - அமீரகங்கள் தொலைத்தொடர்பு நிறுவனம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

DUBAI: Emirati telecom operators Etisalat and du have raised the ownership limit of foreign nationals to 49 percent. The announcement followed two simultaneous regulatory filings with the Abu Dhabi Securities Exchange and Dubai Financial Market, where the companies’ shares are traded. Etisalat announced that its board of directors had agreed to increase the foreign ownership of the company’s shares from 20 percent to 49 percent. However, Etisalat indicated that a higher cap on foreign ownership would require amending some provisions of the federal law concerning the Emirates Telecommunications Corporation, as well as the company’s articles of association. This requires the approval of Etisalat Group’s general assembly and the relevant authorities.

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