The government lifts Etisalat foreign ownership restriction

The Federal Government of UAE allowed foreigners to exchange "Etisalat (the largest telecom company)" stock up to 20% of the institution's capital. From 15 Sep 2015, trading of Etisalat's share by overseas investors has started in the Abu Dhabi Stock Exchange. However, foreign investors do not have voting rights in this company and the government will retain 60% shareholding.

• Type:

  • Entry and establishment (Ownership and control)

• Industry:

  • Services (Telecommunications)

• Sources:

  • Etisalat, Board Resoultion Concerning the Foreign Ownership of Etisalat Group Shares, http://etisalat.com/en/system/docs/12-4-2013/Resolution-Concerning-Foreign-Ownership-of-Etisalat-Shares.pdf, 04 Sep 2015
  • The National, UAE federal government lifts Etisalat foreign ownership restriction, http://www.thenational.ae/business/markets/uae-federal-government-lifts-etisalat-foreign-ownership-restriction, 22 Jun 2015
  • The National, Etisalat shares rise 4.3% as trading opens up to foreign, institutional buyers on September 15, http://www.thenational.ae/business/telecoms/etisalat-shares-rise-43-as-trading-opens-up-to-foreign-institutional-buyers-on-september-15