The Emirati supermarket chain Union Coop on Friday announced its intention to list shares on the Dubai Financial Market (DFM) on July 18, as the first retail cooperative in the UAE that takes this pioneering step.
The listing is a part of the Securities and Exchange Higher Commission’s strategy aimed at increasing stock market size in the emirate to AED3 trillion ($816.6 billion), raise competitiveness of bourses and encourage initial public offerings (IPOs).
