UAE allows foreign entities and individuals to own Etisalat stock

Etisalat has announced that the federal government of the UAE has decided to left the restriction on Etisalat stock ownership by local institutions, foreign institutions, and expatriate individuals provided that such ownership does not exceed 20 per cent.

The UAE government owns 60 per cent of Etisalat shares through Emirates Investment Authority (EIA), and UAE nationals currently own the remaining 40 per cent of the company. The EIA has no intention of reducing its stake in Etisalat for the time-being