Search DubaiPRNetwork.com

Home >> Banking & Investments

Union Coop opens the ceiling of shareholders' purchases

Union Coop opens the ceiling of shareholders' purchases

Monday, July 8, 2019/ Editor -  

Share

Home >> Banking & Investments

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,”

 

 


Previous in Banking & Investments

Next in Banking & Investments


Home >> Banking & Investments Section

Latest Press Release

Lincoln Sweeps MotorTrend New Ultimate Car Ranking with Navigator, Aviator and C ...

Kicks Start - Steve Madden Sneaker trends

Get School Ready With Super Back to School Offers and Exciting Activities, Broug ...

Karl Legend – Pre Fall 2020

NYU Abu Dhabi Alumna First Woman to Ever Receive Prestigious Bseisu-Cambridge Sc ...

“Dubai Trade” Launches “ZADI” Unified Platform to Support Food Security and Faci ...

Strategic Deal to Streamline Licensing Processes for Courier Companies

The Future of Digital Craftsmanship - Bentley's Intelligent Configurator

Imposing presence, exclusive charisma: the BMW X7 Dark Shadow Edition

Get Your No-MakeUp MakeUp Look With Hourglass

BA Students Complete Their First Year of Studies at Sharjah Performing Arts Acad ...

Why Should you Opt for Certified Organic Food for Birds

Parmigiani Fleurier Tonda 1950 Tourbillon

Malak Al Tawouk Adds a Scrumptious Selection of Kabab and Francisco Sandwiches t ...

Tips for Losing Weight Successfully

Local Chefs Join Forces as They Cook for Beirut

Sharjah Launches New Fund to Help Finance Export Operations

Minhaj Advisory and TAIF Digital Institute Sign an MOU to Promote Digital Learni ...

Air India Express Crash Patients Admitted at Aster MIMS Hospitals | Statement fr ...

Dubai Land Department launches ‘Green List' project on ‘Dubai REST'