What the UAE’s decision on listing co-ops will mean for the market – The National

  • Date: 22-Mar-2022
  • Source: The National
  • Sector:Economy
  • Country:UAE
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What the UAE’s decision on listing co-ops will mean for the market – The National

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The UAE's decision to permit the listing of co-operative societies on the country's capital markets will widen the pool of investors and boost liquidity, analysts said.

The decision, first announced in February, was approved by the Cabinet on Monday, and will "attract strategic partners and introduce new forms such as digital and financial co-ops”, Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, said.