Economy Local October 26, 2024

Big Investor Changes in Dubai Markets

Recent data from the Dubai and Abu Dhabi markets reveal significant changes in major shareholder positions, as reported by 'Argaam'.


Big Investor Changes in Dubai Markets

According to the latest report published by the "Arqam" publication, data from the two largest markets in Dubai and Abu Dhabi showed changes in the main shareholders. One of the key examples is Emirates NBD Bank, where seven shareholders together controlled 76.43% of the shares before the transaction. After the sale, the Sovereign National Fund of the UAE and Dubai Pension Fund own 28.83% of the bank's shares and 14.3% respectively. Another significant deal was the acquisition of a stake in the economic sector Dubai Investment PJSC, where Emirates NBD Bank and Commercial Bank of Dubai noted changes in the number of their shares.