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Deyaar to allow foreign investors to buy up to 25% of share capital

: Sunday, February 16 - 2014 @ 02:50

The board of Dubai-based developer, Deyaar Development has recommended allocating 49% of its share capital, open to non-UAE nationals, to GCC and foreign investors, provided that the share of capital owned by foreigners should not exceed 25%, Khaleej Times has reported. The board also decided that the company’s share capital is sufficient as currently structured.

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Sunday, February 16- 2014 @ 2:50 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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