Dubai Financial Market (DFM) on Monday welcomed the listing of Union Coop’s shares, becoming the first cooperative society in the UAE to take this pioneering step,
Dubai Financial Market welcomed the listing of the shares of “Union Cooperative”, the first consumer cooperative in the UAE to take this step in implementation of the Cabinet’s decision regarding trading the shares of cooperative societies in the financial markets in the country, which aims to enhance the regulatory environment for cooperatives and raise
DUBAI, 18th July, 2022 (WAM) Dubai Financial Market (DFM) today welcomed the listing of Union Coop’s shares, becoming the first cooperative society in the UAE to take this pioneering step, in line with the Government’s decision pertaining to the trading of cooperative societies’ shares on financial markets, which aims to strengthen the regulatory environment for the cooperatives’ sector and reinforce competitiveness.
To celebrate the listing, Majed Hamad Rahma Al Shamsi, Chairman of the Union Coop, rang the DFM market-opening bell in the presence of.