Esca nod to Arab Emirates Investment Bank

ABU DHABI - The Emirates Securities and Commodities Authority (Esca), has approved the registration of the Arab Emirates Investment Bank (Invest Bank) as a first step towards the enlisting of the bank on one of the stock markets in the country. The move came after the bank had fulfilled all the necessary requirements.

By (Wam)

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Published: Tue 5 Oct 2004, 10:33 AM

Last updated: Thu 2 Apr 2015, 12:36 PM

In a press release issued yesterday, Esca said that the number of public joint stock companies on its register had now risen to 50, including three foreign firms, adding that the authority continues to receive applications from local and foreign companies that want to be registered and enlisted on UAE stock markets.

The authority had given public joint stock companies one year, beginning from May 10, 2004, to adjust their status and get enlisted on a stock market in the country.


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