The Emirates NBD has obtained all the regulatory and internal approvals necessary to increase the proportion of foreign ownership in its shares from 20% to 40%.
According to CNBC Arabia, the bank said that it had contacted the Dubai Depository Company to start the necessary procedures to activate the new increase in foreign ownership and the activation decision would be disclosed as soon as it is applied.
The bank had obtained shareholder approval for this increase during the general meeting held in March of the current year.
(Amazon fun of knowledge)
