Replies to post #62416 on Sulja Bros. Building Supplies, Ltd (SLJB)

[fringe_remnant]

rruff

My undertanding is that in all of the Gulf Coast Countries 51% outright, straight up ownership of a foreign entity wanting to do business in that country is required. There is no hiding from it, either through subsidiaries or whatever.

SLJB can choose to be bought out cheaply here (it's a shell with very little assets I understand) or wait and get bought out even more cheaply later on after the Arabs are finshed with them over there.

For handy reference:

http://www.datadubai.com/category/about-dubai/business/

Cheers,

fringe