DIC ups FOL to 49% from 35%, cUSD40mn inflows expected
Dubai Investments shareholders approved the raising of its foreign ownership limit (FOL) in the company to 49% from existing 35, according to a statement to the Dubai stock market. Provided the change is reflected on DFM before the last 10 business days of January, this increase in FOL should be reflected at the February Review for MSCI (USD29mn inflows) and at the March Review for FTSE (USD15mn) –.
(DFM, Bloomberg, Mohamad Al Hajj)
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