UAE wealth fund acquires 10.22% stake in Du

By Eudore R. Chand

DUBAI 17 June 2019: Emirates Investment Authority (EIA), has increased its stake in Dubai-based firm Emirates Integrated Telecommunications Company (Du).

The UAE sovereign wealth fund acquired 463.263 million shares from Mamoura Diversified Global Holding PJSC and General Investments FZE in a special deal. This latest move represents nearly 10.22 percent of Du’s issued share capital, said Wam.