Dubai PR Network, Online Press Release from Dubai and Middle East
 
FMCG, Food, Beverages, Restaurant
Filter PR by
  
Union Coop appoints “xCube” to provide market maker service on its shares.
  • • Khalid Al Falasi: “xCube’s expertise and capabilities reinforces the favorable environment for Union Coop’s imminent listing on DFM”
 
Dubai, 17 July 2022: Union Coop announces that it has appointed “xCube” to provide market maker service on its shares as part of its preparations to list on Dubai Financial Market (DFM), which is due to take place on 18th of July 2022 becoming the first consumer cooperative in the United Arab Emirates to take this pioneering step.
 
xCube’s role will include ensuring bid and offer prices on the shares, determining the volumes required for buying and selling, and finding the balance of share price, which contributes to reducing the difference between requests and offers and encourages active trading.
 
Khalid Al Falasi, CEO of Union Coop, expressed his delight that Union Coop has managed to enlist by xCube’s admirable expertise and capabilities, reinforcing the favorable environment for the imminent listing of Union Coop’s shares on the Dubai Financial Market (DFM). 
 
It is noteworthy that the indicative price of the Union Coop share has been demarcated at AED 3.9 following a share split of 1 to 10 whereby each Union Coop shareholder received 10 shares in exchange for 1 share they owned. The opening price shall be defined according to the buy and sell orders during the Pre-Trading Session on the first day of listing.
 
-Ends-


Posted by : DubaiPRNetwork.com Editorial Team
Viewed 23337 times
PR Category : FMCG, Food, Beverages, Restaurant
Posted on : Sunday, July 17, 2022  2:09:00 PM 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 : India Gate Presents Easy Breakfast Recipes for Your Busiest ...
Next Story : UAE's Homegrown Brand FiLLi Is All Set For Expansion in the...
Email this article Print this article

Share this article with your friends and followers
NewsVine
 
 
Most Viewed Press Release posted in the last 7 days
Ajmal Perfumes Enhances Travel Retail with New Boutique in Muscat Duty Free [63390-Views]
What's Your Juicy? essence Introduces the JUICY BOMB glossy butter balm [61430-Views]
Catrice Launches Invisible Cover Foundation: Where Comfort Meets Confidence in One Zone [57564-Views]
CSM Appoints Ian Mathie As Managing Director, Saudi Arabia [30426-Views]
Rasasi Perfumes brings ancient essence of oud to metaverse, launching first-ever virtual o... [21931-Views]
CASIO G-SHOCK G-STEEL GM-2110D and GM-700 Series: ultimate blend of style and durability f... [18171-Views]
An unmissable celebration awaits you on UAE National Day at Emirates Park Zoo & Resort. [18020-Views]
Vingroup Ushers in a New Era for Vietnam's Manufacturing: The VinFast Case Study [17011-Views]
Glamour Gala: A Dazzling Success [16699-Views]
Deerfields Mall presents Winter Adventures in the Garden Exciting activities, festive fun,... [15318-Views]
Festive End-of-year Celebrations Are Back to Bawabat Al Sharq Mall [14846-Views]
Experience Abu Dhabi Unveils the Al Ain's Immersive New Brand Campaign [12874-Views]
Masdar Closes Deal to Acquire TERNA ENERGY [10430-Views]
Arabian Center to celebrate the 53rd UAE Eid Al Etihad with fun-filled activities [9770-Views]
Global Manufacturing and Industrialisation Summit to take place during Abu Dhabi Business ... [9754-Views]
LEGO® Middle East and Mercedes-Benz go off-road at Dubai Design District to celebrate UAE'... [9639-Views]
Clinique La Prairie Enhances Skin Rejuvenation in Revitalisation Programs through Strategi... [8044-Views]
Sharief Bhai biryani brand forays into UAE, new restaurant opens at BurJuman Dubai [7232-Views]
Oasis Mall Dubai Hosts a Remarkable Arm-Wrestling Championship in Collaboration with UAE B... [6248-Views]
Statement by H.E. Younis Haji AlKhoori, Undersecretary of the Ministry of Finance on Comme... [6244-Views]
DSF To Launch Incredible Daily Grand Raffles And Mega Prizes To Celebrate Biggest-Ever 30t... [5888-Views]
Cigna Healthcare Conducts Free Health Screenings for over 800 Employees [5637-Views]
Holiday Season at the Lungarno Collection! [5609-Views]
Don't Miss the 3-Day Super Sale at Mercato and Town Centre Jumeirah! [5449-Views]
Emirates takes delivery of its first A350, set for take-off today [5273-Views]
 
RSS Facebook Twitter LinkedDin DubaiPRNetwork.com on Instagram
 
Back to Section Home

Related Stories

 
Top Sections
 
Top Stories