First Gulf Bank raised its foreign-ownership limit but the move failed to excite investors as the stock declined by 1.1 per cent. Ryan Carter / The National
First Gulf Bank raised its foreign-ownership limit but the move failed to excite investors as the stock declined by 1.1 per cent. Ryan Carter / The National
Local markets put focus on foreign ownership limit
Limits on foreign ownership are the topic of the day on local markets, but data from UAE bourses show few of the companies with a significant percentage of shares available to outsiders are attracting buyers in large numbers.