Abu Dhabi Islamic Bank to seek shareholder approval to increase foreign ownership limit
The board of directors of Abu Dhabi Islamic Bank will propose to its shareholders an increase of the ownership limit of its shares for non-UAE nationals.
The bank will propose to increase the limit to 40%, it said in a bourse filing on Monday (Nov 18).
The current limit for foreign ownership of ADIB shares is 25%, with maximum limit per shareholder at 5%.
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