Abu Dhabi-Mubasher: The ordinary general meeting (OGM) of the National Bank of Umm Al Qaiwain (NBQ) approved allowing foreigners to own shares in the bank but at a specific limit, according to a filing to the Abu Dhabi Securities Exchange (ADX).
NBQ was among the companies that did not allow foreigners to trade on its stocks.
The OGM also approved the amendments made to the bank’s articles of association to be in line with the UAE’s new corporate law.
