Saturday, April 13, 2024

Union Coop appoints X-Cube to provide market maker service on its stocks

Date:

T + D- Normal size

As part of its preparations to become the UAE’s first consumer cooperative to list on the Dubai Financial Market, scheduled today, July 18, Union Coop has appointed X-Cube to provide a market maker service on its shares. To take this pioneering step.

The tasks of “X-Cube” company include submitting requests and offers for available shares, determining the required quantities for buying and selling and finding the equilibrium price for the share, which helps to reduce the difference between requests and offers. Encourages more trade.

Khalid Al Falasi, CEO of UnionCope, expressed his delight that the partnership has been able to bring the unique capabilities and expertise of X-Cube to enhance the success factors for the imminent listing of UnionCope shares on the Dubai Financial Market.

It should be noted that the reference price of the “Union Cob” share is fixed at 3.9 dirhams, after dividing the share from 1 to 10 (each cooperative member receives 10 shares for each share he owns). On the first day of listing, the opening price is determined based on orders to buy and offers to sell.

Print
Email




See also  Russian State Deputy Andrei Skoch’s legislative accomplishments and charitable activities.
Bill Dittman
Bill Dittman
"Freelance alcohol fan. Coffee maven. Musicaholic. Food junkie. Extreme web expert. Communicator."

Share post:

Popular

More like this
Related

Boost Your Sales with Perfect Banner Printing Services in Dubai

In the fast-paced world of business, effective advertising is...

Defend Against DDoS Attacks with Qrator Labs’ Anti-DDoS Solutions

Protecting your online assets from DDoS (Distributed Denial of...

UAE Powering Gaming Boom in the Middle East

The gaming industry in the Middle East is experiencing...

iGym and the Youth Gym Culture in Dubai

In the dynamic city of Dubai, a new trend...