Tuesday, March 22, 2005

Khaleej Times Online: "Khalid bin Kalban, managing director and chief executive officer Dubai Investments PJSC, told this correspondent yesterday that the Ministry of Economy and Planning has already hired a consultancy company to study the issue. He said: 'The IPO situation in the UAE is a bit restrictive. The legal environment is not really supportive. If you want to list a company in the market you have to divest 55 per cent of your company. Our wish is to start with 20 per cent and build up the divestment of the share in the future. We would like to keep control over those (listed) companies. But ultimately we would like to divest even 100 per cent of any subsidiary.' "

1 Comments:

Anonymous Anonymous said...

As'Salaamu 'Alaikum wa rahmatullahi wa barakatuh,In'sha'ALLAH.Please forward this to Mr.Khalid Bin Kalban,Have tried to e-mail however they are returned. My e-mail is AangelsWalking3@aol.com,pray to hear from Khalid..Thank you for your time

5:06 AM  

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