The popular consumer cooperative cites prospective ‘Growth’ and ‘Economic Sustainability’

Dubai, UAE:

Retail Pioneer ‘Union Coop’ in a move aimed at enhancing its presence, and sustainability and expanding its operations, has begun studying the transition from a consumer cooperative society to a public joint-stock company. This decision to explore the possibility to convert to a PJSC was formalized at the Board of Directors meeting held on November 25, 2024, during which the idea of transforming into a public joint-stock company was discussed. This study is part of Union Coop’s efforts to maximize its financial resources, increase its competitive capabilities, and achieve its strategic goals, including the development of its projects, expansion of its reach, and improvement of its services provided to shareholders, customers, shoppers, and the community.