Dubai PR Network, Online Press Release from Dubai and Middle East
 
Money, Business & Investments(Banking & Investments)
Filter PR by
  
Union Coop opens the ceiling of shareholders' purchases
 
Union Coop opens the ceiling of shareholders' purchases

The move comes from its strategic objectives to encourage shareholders to invest with Union Coop and ensure a high return on their investment


Dubai, United Arab Emirates -  08 July  2019:    Union Coop, the largest Consumer Cooperative in the UAE has publicised that it has opened its purchasing ceiling to its shareholders to offer them the highest possible returns on their purchases as of the beginning of 2019, pointing out that this decision comes as a result of its strategic objectives to ensure shareholder happiness and achieve high returns on their investments.

H.E. Majid Hamad Rahma Al Shamsi, Chairman of Union Coop explaining the reason behind the vital decision said: 'With respect to the continuous efforts of Union Coop's Board of Directors to make its shareholders happy. The Board decided to call-off the previous limit of the purchase ceiling of AED 100,000. Now the shareholders can obtain returns on all their purchases, regardless of the total amount as per the rates of return on purchases approved at the Annual General Assembly Meeting”

Al Shamsi added that Union Coop is continuously seeking new ways and ideas to improve financial performance and contribute towards building a strong and sustainable National economy as well as Shareholder happiness at the same time, Saying: “The Board's decision has been activated retroactively as the return on purchases of shareholders shall be calculated as of the beginning of 2019. This will increase the financial ROI and benefit the shareholders,”

 

 


Posted by : Dubai PR Network Editorial Team
Viewed 3916 times
PR Category : Banking & Investments
Posted on : Monday, July 8, 2019  11:44:00 AM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Foreign Trade recorded 4 billion Dirhams with the GCC Countr...
Next Story : Commodity market heats up
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Boss Bottled Infinite: Express Your Inner Self [24193-Views]
Chronoswiss adds beauty in blue to Sirius Chronograph Moon Phase collection [15140-Views]
Mouawad Announces New Partnership With the Miss Universe Organization [12450-Views]
Ncef-reverse Eyes – Filorga's New Ground Breaking Eye Care! [8918-Views]
A touch of elegance with Al Asel [8802-Views]
Roberto Cavalli's exclusive new duo of fragrances [8619-Views]
Ferrari 812 GTS: the V12 spider returns [8436-Views]
La Roche-posay Presents an Incomparable Skincare Experience With ‘My Skin Track UV;' the W... [8180-Views]
Tag Heuer Launches First Ever Emerald Green Dial Aquaracer (for Men & Women) in the UAE [7753-Views]
World's First Cartridge-Free Laser Printer Now Available in the UAE [7753-Views]
Tabreed demonstrates commitment to enhancing energy efficiency with ISO 50001 certificatio... [7302-Views]
Sony Middle East and Africa launches the new king of full frame mirrorless cameras – Alpha... [7131-Views]
A Journey of Belief: Caroline Leon goes the extra mile with DHL as she attempts to climb h... [7125-Views]
Corum Golden Bridge Round 39 for elegant lady [7046-Views]
The Ferrari F8 Spider: the evolution of the species [6594-Views]
Introducing Pestle & Mortar [6399-Views]
Introducing the Dyson V11TM Absolute cord-free vacuum [6368-Views]
Tissot Carson Automatic Urban vitality [6185-Views]
Energy Transition is Accelerating Across Countries Worldwide According to 2019 World Energ... [5917-Views]
Glamorous Gilda for elegant lady' [5838-Views]
Pan Emirates Home Furnishing welcomes Autumn with its new collection [5758-Views]
Trade Up Your Old Device For the Next Level Power Galaxy Note10 [5405-Views]
The art of knurling [5130-Views]
Breitling Announces Partnership With Etihad Airways [4990-Views]
Union Coop constructs two commercial centers in Al Badaa (Jumeirah) and Barsha 3 [4850-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories