The Emirates Securities and Commodities Authority agreed to raise the percentage of foreign ownership in the shares of Islamic Arab Insurance Company Salama from 25% to 49%.

According to the company’s statement on the Dubai Market website, the company confirmed its communication with the Dubai Depository Company in order to start the necessary procedures to activate the increase decision, indicating that it will announce the activation decision as soon as it is applied. On the DFM regulations and location.

The General Assembly of Salama Company had agreed during its meeting last May to raise the percentage of foreign ownership in its shares from 25% to 49%, provided that obtaining regulatory approvals Competent.

The General Assembly delegated the company's board of directors or any person authorized by it to take the necessary measures to implement the decision, after amending the articles of association.

(Fun Knowledge of Knowledge)