The UAE has announced that it will allow cooperative associations to trade their shares in financial markets, according to media reports.
The UAE’s cabinet of ministers approved this new decision. After the decision, stock markets will establish special platforms for registering, trading and transferring the ownership of cooperative association shares.
This process will make sure they are independent of general trading platforms in the market.
The move aims to strengthen the regulatory environment of the cooperative sector and raise its competitiveness.
This also enables them to raise the funds needed to expand and diversify their activities.