Business Services Industry
UAE: OASIS LEASING PERMITS FOREIGN OWNERSHIP OF STOCKS.(Oasis International Leasing)(Brief Article)
IPR Strategic Business Information Database, July, 2002
According to Al-Hayat newspaper (July 8, 2002), the Abu Dhabi leasing company, Oasis International Leasing, is to permit foreign ownership of up to 49 percent of its shares. The decision means Oasis becomes the second United Arab Emirates (UAE) public joint-stock company to allow international ownership of shares, after the Dubai-based property and bank group Emaar.
The Executive Director of Oasis, Gordon Dixon, said that this initiative will develop the company by expanding the stakeholders base.
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