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 2294 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
Tonda 1950 Stone-set range' [7540-Views]
Ermanno Scervino, The Perfume [6704-Views]
Transform Your Bedroom and Sleep Like a King With Robinsons' Latest Bedlinen Collections F... [6661-Views]
Siemens to supply power equipment and services for 840 MW power plant in Iraq [6277-Views]
Colourful Anniversary Limited anniversary edition now available in new colors [6271-Views]
Parmigiani Fleurier Kalpagraphe Chronometre Titanium [5966-Views]
The Network Gets Smarter, Simpler and More Secure with Artificial Intelligence and Machine... [5758-Views]
Salvatore Ferragamo Presents Minuetto [4959-Views]
Aston Martin Valkyrie Wows Crowds on Public Debut at Silverstone [4697-Views]
Happy Eid with Corum Golden Bridge Round 39 [4691-Views]
Back to School with Marks & Spencer [4593-Views]
DP Haute Joaillerie thématique 2019 – Les Ciels de Chaumet [4575-Views]
Statement Handbags from GUESS [4557-Views]
Mouawad unveils the Mouawad Dragon Yellow and White Diamond Suite, featuring the largest r... [4435-Views]
Toric Hémisphères Rétrograde Slate The traveller's watch featuring a new guilloché dial [4429-Views]
Dubai-based Blue Ocean Group expands into UK distribution market ahead of Brexit [4331-Views]
Special edition 2019 Ford Expedition ‘Turath' arrives in Al Tayer Motors and Premier Motor... [4270-Views]
The inauguration of codeshare flights between Kuwait and Istanbul-Sabiha Gökçen Airpo... [4233-Views]
Schneider Electric's Biggest Engineer-to-Order Factory in Asia Utilizes IIoT Technology an... [4130-Views]
Tissot Heritage 1973 The racing legacy [4032-Views]
Ralph Lauren at The Championships, Wimbledon – Wednesday 10th July [4032-Views]
Samsung QLED 8K: How AI Upscaling Enables Truly Immersive Picture & Sound [3794-Views]
Sports Collection - Autumn Winter 2019 [3715-Views]
The Perfect Shave Kit for your Summer Travels [3672-Views]
Spring Summer 2020 Collection [3666-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories