Arab Today, arab today finance house to allow 20 stake to foreign investors
Last Updated : GMT 01:44:06
Arab Today, arab today
Arab Today, arab today

Finance House to allow 20% stake to foreign investors

Arab Today, arab today

Arab Today, arab today Finance House to allow 20% stake to foreign investors

Abu Dhabi - Arabstoday

Abu Dhabi Securities Exchange-listed Finance House will open 20 per cent of its shares to foreign investors, the company said yesterday. Finance House made the decision to amend its Articles of Association during its extraordinary general meeting (EGM) yesterday. \"On this occasion, I would like to invite investors from across the region and internationally to participate in the growth of Finance House, which has proven to be one of the fastest growing groups in the region,\" chairman Mohammad Abdullah Al Qubaisi said in a statement. \"Ever since inception, we have ensured creation of value for our shareholders, by offering them high returns on investments and by paying rational dividends that took into consideration micro and macro factors. We expect to keep up the same trend, which will ensure the best interest for them,\" Al Qubaisi added. Article continues below The shares of Finance House closed unchanged yesterday at Dh3.60. Tariq Qaqish, fund manager at Al Mal Capital, told Gulf News that the move would help attract foreign investors to the stock. \"The company has achieved a decent track record since its establishment, with a five year average return on equity of more than 20 per cent,\" he said. \"We, as market participants, would like to see more local companies open up to foreign ownership, which would attract a new type of investor to the UAE equity markets,\" Qaqish added. Finance House announced during the annual general meeting that it earned a net profit of Dh115.1 million for 2010. Its shareholders approved the payout of a cash dividend of 15 per cent and a stock dividend of 10 per cent. The principal activities of the company are commercial and retail financing, financial services and investments. It is licensed and regulated by the Central Bank of the UAE. The major shareholders of Finance House include The National Investor (TNI), a number of prominent UAE businessmen, high net worth individuals and dignitaries.

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*

Arab Today, arab today finance house to allow 20 stake to foreign investors Arab Today, arab today finance house to allow 20 stake to foreign investors

 



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*

Arab Today, arab today finance house to allow 20 stake to foreign investors Arab Today, arab today finance house to allow 20 stake to foreign investors

 



Arab Today, arab today
Arab Today, arab today Arab tradition glitters in Colombia

GMT 12:59 2017 Thursday ,19 October

Arab tradition glitters in Colombia
Arab Today, arab today Second US judge orders freeze

GMT 08:04 2017 Thursday ,19 October

Second US judge orders freeze
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Silent Republicans have their reasons

GMT 16:55 2017 Thursday ,19 October

Silent Republicans have their reasons
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race
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 Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Hussein Fahmy happy for honoring in festival

GMT 07:47 2017 Tuesday ,17 October

Hussein Fahmy happy for honoring in festival
Arab Today, arab today Climate-disrupting volcanoes helped topple

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 18:29 2017 Sunday ,03 September

Designer produced new set of ornaments

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 23:42 2017 Monday ,16 October

Better Marriages Make

GMT 06:52 2017 Monday ,16 October

Airbus CEO says won't cling to job

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 19:29 2017 Tuesday ,29 August

Yomna: decoration leaved positive effects
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