Amlak cuts foreign ownership ratio

Dubai-Mubasher: Amlak Finance lowered the foreign ownership ratio from 49% to 40%, according to a bourse statement.

The new ratio is deemed effective as of 21 April.

The company’s stock declined 0.6% after generating AED 31.6 million from the exchange of 19 million shares through 266 transactions.

Mubasher Contribution Time: 21-Apr-2016 10:49 (GMT)
Mubasher Last Update Time: 21-Apr-2016 13:22 (GMT)