VIB has announced the final registration date to finalise the list of shareholders to collect written opinions, including the content of adjusting the foreign ownership limit (FOL).
As a constituent of the FTSE EM and MSCI Small Cap EM Indices, Aramex stock will likely benefit from an increase weight in the indices, followed by increased passive.
Aramex, a leading global provider of comprehensive logistics and transportation solutions, has announced that it has obtained the necessary approvals to increase its foreign ownership limit (FOL) to 100% from 49%.
Aramex, a leading global provider of logistics and transportation solutions, saw its Q1 net profit rise 3% YoY to AED47 million ($13 million), while a robust balance sheet, low leverage and healthy cash position backs its M&A plans.
Qatar remains one of the most promising markets in the region for 2022 in the build up to the 100 percent Foreign Ownership Limit (FOL) implementation.