ADIB 25% foreign ownership limit will become applicable today. A week ago the Abu Dhabi Executive Council approved foreigners to own 25% of its shares. The bank’s board had approved a plan in 2010 to allow foreigners to own shares in the bank.
AD Isl. Bank (AD): AED4.05 as of 15 Nov. 2018, Rating: Neutral, TP: AED4.50/share, MCap: USD4,008mn, ADIB UH/ADIB.AD
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