Activating raising the ceiling of foreign ownership in the capital of “Etisalat” to 49%

Activating raising the ceiling of foreign ownership in the capital of “Etisalat” to 49%
Activating raising the ceiling of foreign ownership in the capital of “Etisalat” to 49%

Abu Dhabi: “The Gulf”
Etisalat Group revealed that it had met the necessary approvals to raise the ceiling of foreign ownership in its capital to 49%, noting that raising the ceiling for foreign ownership in the company’s capital has entered into force.

In a statement to the Abu Dhabi Securities Exchange, the group said: In addition to the company’s disclosure dated January 20, regarding raising the ceiling for foreign ownership (non-UAE nationals) to 49% of the capital of the Emirates Telecommunications Group Company (Etisalat Group), we inform you of the issuance of the decree-law Federal No. 1 of 2021 amending some provisions of Federal Law No. 1 of 1991 regarding the Emirates Telecommunications Group Company, which amends Article 7 of it by raising the ceiling of foreign ownership in the company’s capital to 49%. All approvals required to make the necessary amendments to the company’s articles of association have also been met.

Source

Activating raising ceiling foreign ownership capital Etisalat

 
For Latest Updates Follow us on Google News
 

PREV “Trade” defames a Saudi citizen and Canadian resident who were convicted of the crime of cover-up
NEXT A new decline in gold prices in Egypt… and the gram loses 13 pounds per day