Browse related articlesUAE may allow up to 75% foreign ownership
United Arab Emirates: Thursday, April 03 - 2008 at 10:54
The UAE may allow foreigners to own as much as 75% of a company after a new law is passed, reported Bloomberg, citing an interview with Mahmood Ibrahim Al Mahmood, a member of the board of the government securities regulator. Foreign companies can currently own no more than 49% of UAE companies. The government has been considering the new measure for more than two years.
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Jeff Florian, Senior ReporterThursday, April 03 - 2008 at 10:54 UAE local time (GMT+4)
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