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Home | RAKBANK Lifts Foreign Ownership Limit |
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RAKBANK Lifts Foreign Ownership Limit
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- June 20, 2014
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RAKBANK is pleased to announce that it received ministerial approval to lift its foreign ownership level to 40% following the decision to do so at the Extraordinary General Meeting held on 8th May 2014.
The new limit has been adjusted by Abu Dhabi Securities Exchange (ADX) last Thursday 5 June.
Commenting on the limit increase, Peter England, RAKBANK's CEO, said that the Bank had been running very close to the old 20% limit for some months now. Foreign interest has picked up very strongly, he e...
- Read more at:http://www.1888pressrelease.com/rakbank-lifts-foreign-ownership-limit-pr-531354.html
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