Finance House, the Abu Dhabi-based bank, has upped its limit on international investors' ownership of its stock to 20 per cent.
The company becomes the third to have lifted investment limits in the last two weeks, putting itself in a better position to reap the benefits of an upgrade for the UAE to emerging markets status by MSCI, the index provider.
"We are pleased with this step," said Mohammed Abdulla Alqubaisi, chairman of Finance House, in a statement. "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.
The rise follows a similar move by Insurance House, which is 36 per cent owned by Finance House, which last week said it would raise the limits on international ownership to 25 per cent of its stock.
First Gulf Bank also lifted its cap on international investment the same week, and now allows 25 per cent of its stock to be traded by overseas buyers.
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The specs
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What is 'Soft Power'?
Soft power was first mentioned in 1990 by former US Defence Secretary Joseph Nye.
He believed that there were alternative ways of cultivating support from other countries, instead of achieving goals using military strength.
Soft power is, at its root, the ability to convince other states to do what you want without force.
This is traditionally achieved by proving that you share morals and values.
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CREW
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Where to apply
Applicants should send their completed applications - CV, covering letter, sample(s) of your work, letter of recommendation - to Nick March, Assistant Editor in Chief at The National and UAE programme administrator for the Rosalynn Carter Fellowships for Mental Health Journalism, by 5pm on April 30, 2020.
Please send applications to nmarch@thenational.ae and please mark the subject line as “Rosalynn Carter Fellowship for Mental Health Journalism (UAE programme application)”.
The local advisory board will consider all applications and will interview a short list of candidates in Abu Dhabi in June 2020. Successful candidates will be informed before July 30, 2020.
Ticket prices
- Golden circle - Dh995
- Floor Standing - Dh495
- Lower Bowl Platinum - Dh95
- Lower Bowl premium - Dh795
- Lower Bowl Plus - Dh695
- Lower Bowl Standard- Dh595
- Upper Bowl Premium - Dh395
- Upper Bowl standard - Dh295
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UAE currency: the story behind the money in your pockets