Abu Dhabi – Mubasher: Emirates Telecommunications Group Company (Etisalat Group) signed a new shareholders agreement with other two shareholders in Netherlands-based EMTS Holding BV.
“Etisalat Group’s voting rights in the latter company has decreased to 25% through issuance of a new class of preferential shares, while increasing its stake in the ordinary shares to 45% through issuance of new ordinary shares by partial conversion of shareholders loans into equity,” according to a bourse filing
Etisalat’s stock rose 0.28% to AED 17.80 on Sunday.
