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The bank is seeking shareholder approval to boost its foreign ownership limit to 20 percent from 5 percent, the Dubai government-controlled lender said Sunday in a statement. It also plans to raise capital by 7.35 billion dirhams ($2 billion) from an issue of new shares at no less than a 10 percent discount to the market price.The shares gained 13.6 percent, the most in more than three years, to close at 10 dirhams in Dubai.Emirates NBD currently has total equity of 59.4 billion dirhams.
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