dubai islamic bank fol raised to 25 per cent
Last Updated : GMT 15:03:41
Arab Today, arab today
Arab Today, arab today

Enhance liquidity available to foreign investors

Dubai Islamic Bank FOL raised to 25 per cent

Arab Today, arab today

Arab Today, arab today Dubai Islamic Bank FOL raised to 25 per cent

Dubai Islamic Bank (DIB)
Dubai - Arab Today

Dubai Islamic Bank (DIB) Dubai Islamic Bank (DIB) yesterday announced that Foreign Ownership Limit allowed for the bank has been increased by an additional 10 per cent post completion of all regulatory formalities. The new FOL for the bank stands at 25per cent and will significantly enhance the liquidity available to foreign investors. Already one of the most liquid and highly traded stocks on the exchange, DIB was consistently under pressure from global investors to create additional room to allow investment by interested parties from across the globe.
"Active engagement with international shareholders has been a key focus for us in the recent past", said Dr. Adnan Chilwan, CEO DIB. "Cognizant of the feedback received, we saw extensive demand for DIB stock from global investors and, though the bank has one of the highest free floats of nearly 60per cent amongst listed entities, the Foreign Ownership room available was restricting international buyers." "The enhanced FOL would allow greater freedom for interested international parties to acquire DIB stock," he added. "DIB has been amongst the top performers on the Exchange with a shareholders return of nearly 170per cent since the markets recovered in the beginning of 2012. With the MSCI upgrade on the horizon, we expect this move to further enhance DIB's chances of making it to the basket." The decision to increase FOL was taken by DIB's Board of Directors in the last quarter of 2013, to which the formal regulatory approval has now been accorded. The FOL increase is effective from April 16, 2014 and the Exchange has been advised to implement this increase as of that date.
Source: WAM

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

dubai islamic bank fol raised to 25 per cent dubai islamic bank fol raised to 25 per cent

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

dubai islamic bank fol raised to 25 per cent dubai islamic bank fol raised to 25 per cent

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Air China suspends flights to North Korea

GMT 10:39 2017 Thursday ,23 November

Air China suspends flights to North Korea
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Syria opposition meets in Riyadh

GMT 06:23 2017 Thursday ,23 November

Syria opposition meets in Riyadh
Arab Today, arab today Online exhibit shows hidden depths of

GMT 11:45 2017 Thursday ,23 November

Online exhibit shows hidden depths of
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today Srebrenica women cry tears of joy

GMT 08:03 2017 Thursday ,23 November

Srebrenica women cry tears of joy
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today 'Robo-taxis' hold promise, and perils

GMT 08:07 2017 Thursday ,23 November

'Robo-taxis' hold promise, and perils
Arab Today, arab today Honda recalls 800,000 minivans

GMT 11:43 2017 Wednesday ,22 November

Honda recalls 800,000 minivans
Arab Today, arab today Abeer Sabry reveals reason of “The Flood” success

GMT 08:03 2017 Tuesday ,21 November

Abeer Sabry reveals reason of “The Flood” success
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 07:56 2017 Monday ,20 November

Singer Jahda Wahba has unlimited ambitions

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 10:43 2017 Wednesday ,22 November

Cigar-shaped asteroid came

GMT 09:45 2017 Tuesday ,21 November

Visit Jamaica for more than just sun

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday