Dubai-Mubasher: Watani Investment Company (NBK Capital) kept the fair value (FV) of Aramex at AED 5.9, with “Hold” recommendation, according to recent statement on Wednesday.
On the sidelines of the World Government Summit in Dubai, du’s Chairman Ahmad Bin Byat said that he does not expect royalty rates or taxes imposed by the UAE government to increase in the upcoming year.
Bin Byat added allowing foreign ownership of its shares - a move adopted by Etisalat - is off table during this period.
