August 13, 2022

Dubai Week

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Trading the shares of co-operative societies in the financial markets supports their growth and expansion

Trading the shares of co-operative societies in the financial markets supports their growth and expansion

The Cabinet’s recent decision to allow shareholders and experts in the retail sector to trade the shares of co – operatives in the financial markets will bring a number of benefits to shareholders, as well as support the growth of the association’s activities and their expansion. Higher rates in the retail sector.

Faisal Khalid Al Nabooda, Director of Co-operative Social Relations, Sharjah, said, “The Cabinet decision to allow the co-operatives to trade their shares in the capital market will have a number of positive effects on the co-operative sector, which will increase the chances of growth and support the co-operatives at a higher rate and support their potential for expansion and their competitiveness. , “He said,” This decision will transform the ideas of cooperative activities in a more subtle way and support their investment capabilities. “

Ibrahim Al-Bahr, chairman of Al Bahar Consulting Company and an expert in retail affairs, said: “This decision will increase the market value of cooperative stocks and increase the trading activity of stocks and their further turnover, which will benefit investors and cooperatives.” Results will increase. ” Supports competitiveness in the retail sector and opportunities to expand its investments as influential economic entities in the sector. “

“This decision will raise the transparency indicators at a higher rate and define the indicators of supply, demand and value of shares in line with the financial results of the activities of the co-operatives,” he said.

I consider myself a contributor, m. A. “This decision has many benefits for shareholders in all cooperatives because it provides a high level of protection in protecting their rights, while at the same time creating mechanisms for determining the value of shares, trading and changing their ownership.”

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As noted by the contributor, h. M. “Allowing co-operatives to trade their shares in the financial markets implies additional governance and transparency systems that provide a greater framework for protecting the rights of shareholders and will support the development of co-operative activities in the years to come,” he pointed out. With rapid changes in the retail sector. “

Contributor, s. A. That “decision met the aspirations of many shareholders and is considered a significant positive change in the field of co-operatives, which is expected to contribute to attracting more shareholders and activating the dynamics of stock trading and their value.”


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