Saturday 12 July 2014
 
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ownership

QFC plans key changes to ownership rules

The regulatory authority of the Qatar Financial Centre (QFC) said it will start implementing key changes in its rules with regard to significant ownership positions in QFC-authorised firms. The move comes following the approval by

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RAK Prop offers full ownership packages

RAK Properties, the biggest property developer in Ras Al Khaimah, has launched sales packages for customers allowing them full ownership of units in Mina Al Arab and Julfar Towers in the emirate.

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Mobinil eyes share listing to meet rules

Egyptian cellphone operator Mobinil would prefer to list more shares on Cairo's stock exchange to meet new ownership rules than sell a bigger stake to a local company, its CEO said on Monday. France Telecom owns 94 per cent of

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Stock ownership: Kuwait gives funds until June

Kuwait's financial watchdog is giving investment funds until the end of June to comply with new rules on the ownership of individual financial securities. The country is home to a large number of investment firms which have been hard hit b

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UAE companies law reforms 'may disappoint'

Long-awaited legislation that is meant to liberalise the economy of the United Arab Emirates may bring only modest changes, because of strong opposition from some Emiratis who fear they could lose out to foreigners, say analysts. In Decemb

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Qatar expat ownership limit remains

Foreign ownership limits in Qatar, a key issue in the Gulf state's potential upgrade by index compiler MSCI, are likely to remain at 25 per cent through June, the bourse's chief executive officer said yesterday. "I wouldn't expect news on

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Saudi to allow some foreign ownership of stocks

Saudi Arabia's plans to open up its stock market will limit direct foreign ownership to investors with at least $5 billion under management and allow each to hold a maximum 5 per cent of a stock's issued share capital, sources said.

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Qatar urges firms to lift foreign ownership limit

Qatar is in talks with individual firms to raise foreign ownership limits yet is not planning a blanket increase despite a requirement by index complier MSCI, a Doha bourse official told Reuters. MSCI has extended a review on whether to up

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First Gulf Bank ups foreign ownership limit

First Gulf Bank, the UAE's second largest lender by market value, said it is raising its foreign share ownership limit to 25 percent from 15 percent, as it seeks to attract more investors. The bank's board approved a proposal to raise the

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Abu Dhabi for 100pc ownership to expats

The proposal to grant hundred per cent ownership of businesses in the UAE to foreigners has received a major boost with the officials in charge of economic development in Abu Dhabi backing the move, said a report. Abu Dhabi’s Department of

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