Trading the shares of cooperative societies in the financial markets supports their development and expansion

Shareholders and specialists in the retail trade sector stated that the Cabinet's recent decision to allow the trading of cooperative societies' shares in the financial markets will bring many benefits to shareholders, as well as support the development of the societies' activities and support their expansion at greater rates in the retail trade sector.

The Director of Community Relations at Sharjah Cooperative, Faisal Khalid Al Naboodah, said, "The Cabinet's decision to allow the trading of cooperative societies' shares in the capital markets will have many positive repercussions on the cooperative sector, as it will enhance opportunities for growth and development for cooperative societies at greater rates and supports the opportunities for their expansion and support their competitiveness,” he said, adding that “the decision will change the concepts of cooperative activities in a more sophisticated way and support their investment capabilities.”

The head of "Al Bahar Consulting Company" and an expert in retail trade affairs, Ibrahim Al-Bahr, said that "the decision will enhance the market value of the cooperative shares and increase the trading activities of the shares and their further rotation, which will bring benefits to investors and cooperatives," noting that "the decision will raise the capabilities of cooperatives." competitiveness in the retail sector and supports opportunities to expand its investments as influential economic entities in the sector.”

He added that "the decision will raise transparency indicators at greater rates and define indicators of supply, demand and value of shares according to the financial results of the cooperative societies' activities."

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That "the decision has many advantages for shareholders in all cooperatives because it provides higher standards in preserving their rights, while developing mechanisms for determining the value of shares, trading and transferring their ownership."

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He pointed out that "allowing the trading of cooperative societies' shares in the financial markets means more governance and transparency systems that provide greater frameworks to protect shareholders' rights, and also support the development of cooperative societies' activities during the coming periods to keep pace with the rapid changes in the retail trade sector."

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That "the decision met the aspirations of many shareholders, and is considered a significant positive shift in the cooperative societies sector, and is expected to contribute to attracting more shareholders and activate the movement of shares trading and their value."

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