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Abu Dhabi: Further to our announcement on 18 August 2015, Emirates Telecommunications Group Company PJSC - "Etisalat Group" would like to inform you that the Etisalat Group Board of Directors have approved by circulation the controls and procedures governing foreign ownership, based on Etisalat Group's new Articles of Association.
Trading in Etisalat Group's shares on the Abu Dhabi Stock Exchange (ADX) by non-UAE individuals (foreign individuals, foreign corporate entities, UAE free zone entities and UAE incorporated entities) will start on Tuesday, 15 September 2015. Foreign ownership as defined by Etisalat Group's Articles of Association will be limited to 20% of the share capital.
A copy of the approved foreign ownership controls and procedures for Etisalat Group, is annexed to this announcement.
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About Etisalat Group:
Etisalat, the leading emerging markets telecom group, is headquartered in Abu Dhabi. Since its inception almost four decades ago, Etisalat has been introducing innovative connectivity solutions for its customers across the Middle East, Asia and Africa. These cutting-edge solutions have given Etisalat the ability to expand its subscriber base to more than 168 million in the 19 international markets it operates in. Etisalat's market cap is 96.8 billion AED, equaling 26.4 billion USD.
For more information, please contact:
Etisalat Media Desk
E: gyoussef@etisalat.ae
T: +9712 618 2877
www.etisalat.com
© Press Release 2015
