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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Investment

Dubai Investments to lift foreign ownership cap to 35 pct

Posted on 24 March 2014

Dubai Investments, a diversified manufacturer and investor in property, plans to increase the limit on foreign ownership of its shares to 35 percent of its total capital, the company said on Sunday.
Foreign investors now hold 13.7 percent of Dubai Investments’ shares out of the total 20 percent allowed, bourse data shows. The firm’s shareholders, including sovereign fund Investment Corp of Dubai which has an 11.5 percent stake, will vote on the proposal at a meeting on April 15, the company said………………………………………..Full Article: Source


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