Built to inform

Sign up for the daily newsletters

No, Thank you

Abu Dhabi’s Aldar Properties raises foreign ownership limit to 49%

The increase in Aldar's FOL from 40% to 49% has been implemented by the Abu Dhabi Securities Exchange (ADX)

Talal Al Dhiyebi, CEO of Aldar Properties.
Talal Al Dhiyebi, CEO of Aldar Properties.

The UAE’s Aldar Properties is raising its foreign ownership limit (FOL) from 40% to 49% effective immediately.

According to the Abu Dhabi-listed property developer, the change follows the completion of all regulatory formalities and shareholder approval at Aldar’s 2018 Annual General Meeting, held last month.  

Aldar’s chief executive officer Talal Al Dhiyebi commented: “Active engagement with international investors has been an important focus for Aldar over the past few years, and we have seen significant growth in our international shareholding over this time.

VIDEO: Everything you need to know about the UAE's $8bn Aldar-Emaar JV

“The increase in our foreign ownership limit to 49% will support further growth in our international shareholding, as well as providing greater liquidity in the stock as we embark on our growth strategy within Abu Dhabi and beyond.”

The increase in the FOL was implemented by the Abu Dhabi Securities Exchange (ADX).

Most popular


Construction industry conversations around digitisation must evolve
The Middle East construction industry’s approach to tech must evolve and focus on how can


CW In Focus | Inside the Leaders in KSA Awards 2019 in Riyadh
Meet the winners in all 10 categories and learn more about Vision 2030 in this
CW In Focus | Leaders in Construction Summit UAE 2019
A roundup of Construction Week's annual summit that was held in Dubai this September

Latest Issue

Construction Week - Issue 753
Nov 09, 2019