UAQ Coop offers 2.5mn stocks for public trade

DUBAI / WAM

Umm Al Qaiwain Coop has offered 2.5 million stocks for public trade, to increase investment in its retail sector. An integral part of Union Coop and the UAE’s largest
consumer cooperative, Umm Al Qaiwain Coop will launch an Initial Public Offering from January 21 onwards until February 8.
The public will be able to purchase these stocks through selective Emirates Islamic branches across the UAE.
Chairman of the Board of Umm Al Qaiwain Coop, Nasser Al Talay, said, “The main objective of offering stocks for public trade is to increase capital to invest, implement future plans and expand current services offered by UAQ Coop. Ultimately, this will allow us to serve the consumers better by offering them the best service at competitive prices.
“Umm Al Qaiwain Coop’s primary objective is to benefit the citizens and residents by offering world-class products and services under the same roof. We wish to take care of society’s needs and offer our support to the social sector in a manner that honours the vision of the leadership.”