Aramex first UAE company removes foreign ownership limits
Logistics firm Aramex has announced it will remove restrictions related to foreign investment, by raising the company’s foreign ownership limit from 49 percent to 100 percent.
This will make Aramex the first UAE company listed on Dubai’s local bourse to allow full ownership of its free-floating shares by foreign investors.
The decision comes in line with the company’s global growth ambitions and commitment to unlock greater value for all shareholders.
Aramex has succeeded in creating a clear and strategic growth roadmap that aims to improve communication globally, while also facilitating world commerce.
By removing foreign ownership limits on its stock, investors will gain the opportunity to invest in Aramex as it embarks on the next stage of growth and expansion.
The decision is still subject to approvals from the Securities and Commodities Authority (SCA) and all other relevant regulatory authorities.