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

February 16, 2014 2:50 am

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.