UAE’s Etisalat to open shares to foreign and institutional buyers
Etisalat is worth nearly twice as much as the second-biggest listed UAE company
The UAE telecommunications company Etisalat will allow foreign and institutional investors to own its shares from September 15 after its board of directors approved the new rules governing ownership.
Etisalat is worth nearly twice as much as the second-biggest listed UAE company, but its publicly traded shares can only be owned by Emiratis, and all institutions are excluded.
In June, Etisalat said it would loosen these rules to permit foreign and institutional investors to own shares worth up to 20 per cent of the company, but it said last month that these shareholders would not be granted voting rights.
UAE’s Etisalat says no voting rights for foreign shareholdersEtisalat will not extend voting rights to foreign shareholders when it opens up its shares to non-UAE investors Telecoms
Saudi’s Mobily shares hit 6-year low after earnings restatement, Q2 lossShares in Saudi Arabian telecommunications firm Etihad Etisalat tumbled to a six-year low as they resumed trading on Monday Telecoms
UAE telecoms operator Etisalat to allow foreign share ownershipThe telecoms operator did not state in its bourse filing when the new limits would take effect Business
Etisalat signs ‘strategic deal’ with Ericsson to reach its 5G planServices provider companies like Ericsson seek to reach the 2020 vision of having a 5G full coverage Telecoms
UAE's Etisalat first in MENA to develop 400 Gbps technologyCooperationw with Huawei is aimed at deploying more efficient high-speed fiber services across Etisalat networks to meet growing customer demand Telecoms
UAE’s Etisalat Q4 profit surges but misses forecastsEtisalat made an annual net profit of 8.89 billion dirhams in 2014 Telecoms