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Abu Dhabi insurance firm opens shares to foreign investors

Newly Abu Dhabi-listed Insurance House has said foreign investors are to be allowed to buy up to 25% of its shares, Gulf News has reported. "This means that now a foreigner can go the ADX and buy Insurance House shares up to the maximum permissible limit. This is going to encourage more trading in the stock and create liquidity," a company official familiar with the situation, was quoted as saying.