March 21, 2018 / 1:20 PM / a month ago

Shareholders of Abu Dhabi's Aldar approve increasing foreign ownership limit to 49 pct-source

ABU DHABI, March 21 (Reuters) - Shareholders of Aldar Properties approved on Wednesday to increase foreign ownership of the Abu Dhabi-listed developer to 49 percent from 40 percent, said a source familiar with the matter.

Aldar got approval from shareholders to raise the limit at its annual general meeting, the source said. (Reporting by Stanley Carvalho, writing by Alexander Cornwell; Editing by Saeed Azhar)

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