Dubai food company Unikai removes 49% GCC shareholding limit

DFM-listed Unikai's stock has seen a significant rise in last 30 days

Last updated: August 27, 2025 | 08:43

Manoj Nair, Business Editor

1 MIN READ

More UAE stocks are removing the upper limits on GCC and foreign ownerships. Unikai is the latest to join in.

Virendra Saklani/Gulf News

Dubai: 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%.

Also Read: Will Lulu Retail, Spinneys’ shares tempt value-seeking investors

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.

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Manoj NairBusiness Editor

Manoj Nair, the Gulf News Business Editor, is an expert on property and gold in the UAE and wider region, and these days he is also keeping an eye on stocks as well. Manoj cares a lot for luxury brands and what make them tick, as well as keep close watch on whatever changes the retail industry goes through, whether on the grand scale or incremental. He’s been with Gulf News for 30 years, having started as a Business Reporter. When not into financial journalism, Manoj prefers to see as much of 1950s-1980s Bollywood movies. He reckons the combo is as exciting as it gets, though many will vehemently disagree.