UAE eyes more foreign holders in national firms

UAE eyes more foreign holders in national firms
Raising the FOL in national companies is the main requirement for any company to be listed on MSCI index
Aldar Properties ALDAR -0.47% 2.10 -0.01

By Mahmoud Gamal

Dubai – Mubasher: The current trend among the UAE companies toward raising ownership limit for foreigners helps in attracting more investments from global markets, analysts told Mubasher.

The increase in Aldar Properties’ foreign holding ceiling will vitalise both the company and the UAE markets in general, MindCraft Consultants’ CEO Fadi Al Ghattis commented.

Some people’s concern that national company’s profits will be pumped abroad is illogical, Al Ghattis added.

National corporations invest in foreign markets, so, why should not foreign companies invest in the UAE, he remarked.

Raising the Foreign Ownership Limit (FOL) in national companies is the main requirement for any company to be listed on MSCI index, capital market analyst Basel Abu Teima noted.

The UAE economy became freer and more open for global investments that consider it a safe haven, which should be utilised to serve the best interests of national companies, the analyst concluded.

 

Translated by: Muhammad Khalid 

Related topics
Source: Mubasher Exclusive

Comments