• Wed. May 15th, 2024

Major ownership shifts in UAE stocks over the span of a week

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May 5, 2024

Data from the latest bulletin issued by the Dubai and Abu Dhabi markets, published by “Arqaam”, showed changes in ownership percentages of various companies. In Ras Al Khaimah Real Estate Company, Al Saqr United Group increased its ownership percentage from 10.19% to 10.24%. Fouad Abdel Hadi Muhammad Mishal’s ownership percentage in Aram Company also increased from 5.12% to 11.81%. ADQ Aviation and Air Services Company increased its ownership percentage in Abu Dhabi Aviation from 5% to 59.45%, while Maamoura Diversified Global Holding Company reduced its stake in the company from 30% to 12.17%. Ghobash Trade and Investment Company Limited’s share in the National Corporation for Tourism and Hotels decreased from 5.48% to 5.47%, and Ahmed Omar Salem Al Karbi’s ownership percentage in Sharjah Cement increased from 8.55% to 8.56%.

In the Dubai market, Bonyan International Investment Holding Group raised its stake in Takaful Emarat from 5.30% to 8.77%, while Ahmed Ibrahim Ahmed Abdullah Al Hammadi raised its stake from 6.66% to 6.97%. Additionally, Khaled Abdul Rahim Ahmed Al-Attar raised his stake in Takaful Emarat from 5.40% to 5.93%.

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