VOL. XLI
No. 27
6-July-1998
UAE
Positive Response To Emirates Banking Stocks Fund
A new banking stocks fund launched by the Emirates Banking Group received a verypositive response and subscription of Dh308mn ($84mn) during the initial offer period(1-21 June). Over 2,400 investors, including Gulf nationals, UAE nationals and foreignersapplied to the Group's new Emirates Banking Stocks Fund (EBSF), 49% of which is open toforeigners. Eighty percent of the subscriptions originated from the UAE....
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