UAE telecom du raises foreign ownership limit to 49%

  • 2/24/2021
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It said it was expecting “extensive” foreign investment inquiries because of the company’s 2020 financial results DUBAI: Du Emirates Integrated Telecommunications is raising its foreign ownership limit to 49 percent, the UAE news agency WAM has reported. The company said UAE nationals – individuals or establishments – can own shares up to a maximum of 100 percent share capital of du, while non-UAE nationals can own up to 49 percent. It said it was expecting “extensive” foreign investment inquiries because of the company’s 2020 financial results.

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