Union Coop to become first UAE retail co-operative to list on DFM
01 Jul 2022
Union Coop is set to become UAE's retail co-operative to have its shares listed on the Dubai Financial Market. Khalid Al Falasi, the Chief Executive, said that the move will lead to enabling Union Coop, to leverage the numerous benefits of capital markets, to implement its growth strategy and provide innovative [DFM] services such as the seamless cash dividend distribution to its members.
The UAE had announced in February 2022 that it would permit the listing of co-operative societies on the country's capital markets as part of plans to widen the pool of investors and boost liquidity.
Original Link: thenationalnews.com/business/markets/2022/07/01/union-coop-to-become-first-uae-retail-co-operative-to-list-on-dfm/?outputType=amp
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