Home GCC UAE UAE telecom du to consider raising foreign ownership The company will hold a board meeting on January 20 by Zainab Mansoor January 19, 2021 UAE telecom operator du is considering the increase of foreign ownership in its shares. The company will hold a board of directors meeting on January 20 to discuss the proposal. “This is to notify you that the company will hold a board of directors meeting at 5pm on Wednesday, 20th of January 2021, to consider the increase in the ownership percentage of non-UAE nationals in the company’s shares,” du said, in a filing to Dubai Financial Market. The decision adopted by the board of directors will be communicated after the meeting. The reason, however, for considering the raise wasn’t cited. In 2019, the UAE approved a 100 per cent foreign ownership in 13 sectors and across 122 economic activities. Read: UAE Cabinet approves 100 per cent foreign ownership in 13 sectors Tags Foreign ownership shares telecom UAE 0 Comments You might also like Flying Taxis: How Archer aims to revolutionise travel in the UAE UAE to announce petrol, diesel prices for January; will rates drop in 2024? How REITs are unlocking the potential of UAE real estate GCC region M&A blazes trail as global deals decline