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27/08/2025 05:11 AST
The DFM-listed dairy company Unikai has removed the 49% ceiling on shareholding allowed to GCC investors. From now on, they are eligible to go all the way up to 100% in Unikai, whose brands have a fair share of the UAE market for milk, yoghurt and frozen desserts.
Starting today (August 27), the 49% limit no longer exists. More listed companies in the UAE now allow up to 100% shareholding by GCC or foreign nationals. For instance, the foreign shareholding in Lulu Retail is now at over 76%.
The Unikai share has in the last 30 days seen an over 10% increase to Dh6.8. For the year-to-date, it's still down by 8.97%.
In the second quarter, the company recorded an increase in net profit to Dh8 million from Dh4.9 million.
Fund inflows into UAE stocks from the GCC and overseas have been on the up and and up since the start of the year.
Gulfnews
08/11/2016
Unikai Foods, one of the largest dairy food companies in the Arabian Peninsula, has entered into an exclusive three-year partnership with Etihad Airways.
Valued at Dh14.4 million, the agreem
Gulfnews
29/05/2016
United Kaipara Dairies (UNIKAI), one of the largest fast moving consumer good (FMCG) companies in the UAE, has signed a memorandum of understanding (MoU) with Qatar Foods & Services, to make availabl
Trade Arabia
27/03/2015
United Kaipara Dairies Company announced it would not distribute any dividends for 2014. The announcement came during the company's Ordinary General Meeting, which was held on Wednesday in Dubai.
Gulf News
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19/12/2025
In a move to consolidate its global network of destinations and provide diverse travel options to its valued customers, Kuwait Airways has announced the strengthening of its codeshare agreement with
Kuwait Times
19/12/2025
Ajman Bank has launched a digital extension to expand its bouquet of smart, customer-centric banking services.
The Digital Extension has been designed to provide customers with seamless acce
Khaleej Times
19/12/2025
Tecom Group PJSC, the creator of specialised business districts and communities in Dubai, has launched Phase 4 of Innovation Hub in Dubai Internet City to address rising demand for Grade-A office spa
Khaleej Times
19/12/2025
Acwa Power, the world's largest private water desalination company, leader in energy transition and first mover into green hydrogen, has signed a co-operation framework with the African Development B
Trade Arabia
19/12/2025
Saudia Cargo and the Saudi Export Development Authority inked a strategic memorandum of understanding, in a move set to accelerate the international reach of non-oil goods.
The agreement, si
Arab News
Financial Information Co.
Saudi Arabia