Union Coop lists its shares on Dubai Financial Market

Trade easily. Trade safely. Union Coop is now traded in a new environment

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Union Coop shares are now held as digital certificates under DFM. You can trade using your same Investor Number (NIN) used for trading listed shares on DFM.

Trading will be centralized via the new system, making trading easier, faster, and providing you with full visibility and transparency on the share market price.

Dividends payments will be transferred directly to your bank account and bonus shares to your trading account.

Highlights

Union Coop is now exclusively traded on DFM

Easier, faster trading of shares

Full visibility and transparency of market price

Easy dividends payments direct to your bank

Benefits

DFM offers advanced trading technology, transparency, and high liquidity in the market. We also apply strict standards and regulations to monitor trading, carefully developed to fairly balance the interests of investors and listed companies.

Easy Trading of Shares Through advanced electronic systems and a broker’s app in your hands, it is easy to trade. This leads to a strong interaction of supply and demand in a better approach and within an organised environment.

Transparency The prices are displayed and monitored, allowing you to make investment decisions on actual and tracked basis. Shareholders will also have full visibility on the company performance, projects, and activities though DFM disclosures.

Unified Investment Portfolio Manage your investments by maintaining a unified investment portfolio that includes the Union Coop shares in addition to all other shares in your possession.

Union Coop key highlights

1984

2021

Sales

5,400,000 AED

2,000,000,000 AED

Net profit

344,000 AED

413,000,000 AED

No. of shareholders

315

37,000

No. of branches

2 Branches

24 Branches, 4 Malls

Ready to start trading on DFM?

1. Apply for investor number (NIN)

You can apply for investor number (NIN) using DFM mobile app or through official DFM website. Apply for NIN with DFM For new investors, a membership from Union Coop needs to be obtained prior to trading Union Coop shares on DFM

You can apply for a membership at Union Coop through one of the following channels to start trading its shares.

DFM App
Make sure you have an Investor Number (NIN). Then you can apply for a membership at Union Coop under the e- services tab on the DFM App. Click here for the steps.

DFM Trading Member
Contact your broker and request for the Union Coop Membership form to complete. Click here for the full list of Brokers.

Union Coop Shareholder Center
Visit the shareholder center at Etihad mall. Working hours are from Monday to Thursday at 8:00am to 4:00pm and on Friday from 7:30am to 12:00pm.

2. Contact one of our brokers

Contact one of our brokers and open a trading account View complete list of brokers

3. Start trading

You can trade through the channels provided by the broker such as their a mobile app, web platform, or through the phone You are required to transfer your Union Coop shares (if any) from Dubai CSD (Dubai Financial Market) to your trading account.

Frequently Asked Questions

When can I trade the Union Coop shares?

You will be able to trade the shares once it’s listed on DFM, you can buy and sell the shares through your brokerage firm.

How will trading of the shares change?

The share transfer process is becoming electronic. You will no longer need to find buyers or sellers and meet them in person at Union Coop's Shareholder's Center. You will be able to submit your buy or sell orders through a licensed DFM broker’s channels.

You will require the below in order to start trading:

Membership with Union Coop
Investor Number (NIN) at DFM. (Download the DFM App to get your NIN immediately)
Account with a Trading Member.
Request to transfer your Union Coop shares from the CSD Account to your Trading Member Account under your NIN. (request for the transfer through the DFM App or your Broker directly)
Request the Broker to Buy/Sell shares for you.

What are the requirements to trade Union Coop?

Membership from Union Coop
Investor Number (NIN) from DFM
Trading Account from a Trading Member (broker)

What are the requirements of obtaining a membership with Union Coop?

UAE National
18 years and above
Accept terms and conditions of Union Coop’s membership

For more details please contact Union Coop at 800 8889

How will I hold my shares?

Shares will no longer be held as physical certificates. Shares will be registered electronically in your name under your DFM Investor Number and you can trade your shares the same way You trade other shares on DFM.

Will I lose my existing shares?

No, you will not lose your shares and the number of shares you have will not change. All shares will be securely registered in your name at DFM under your Investor Number (NIN), you can review the number of shares you hold on the DFM app.

What will happen to my physical share certificates?

Once the shares are listed on DFM, the Physical Share Certificates will no longer be valid, and the shares will be held in your account at DFM.

How do I convert my shares from physical certificates to electronic shares?

Your Union Coop shares will be directly deposited electronically under your Investor Number at DFM once Union Coop is listed on DFM. If you don’t have an Investor Number at DFM you will need to create one through the DFM mobile app

What if I don't want to open a trading account? Will I still get any dividends?

It is not required to open a Trading Account if you are not interested in buying or selling Union Coop Shares. Your Shares are registered with your Name under your Investor Number at DFM and you will receive your dividends on the cash dividend payment method registered with DFM

What if I find a buyer or a seller myself? Will I be able to trade with them once the new system is operating?

Once the shares are listed in DFM, the shares will be traded by placing buy or sell with your broker. If you wish to transfer your shares to another shareholder, the brokers can do so on your behalf in certain circumstances.

Will I still get points when shopping at Union Coop?

Yes, as long as you are still a member of the Tamayaz Loyalty you will continue to get the points.

How will I get my dividends?

In order to receive the upcoming dividends, you will need to register your preferred payment method with DFM. You can receive your future dividends to your bank account or iVESTOR Card (More information about iVESTOR Card)

What are the fees included in the new electronic trading process?

The trading fees can be found through the following link or through your broker: Click here

How can I get updates on Union Coop’s Annual General Meetings?

DFM will provide updates on the AGM invitations and resolutions through disclosures, they can be accessible online at www.dfm.ae

Who is eligible to trade shares of Union Coop?

UAE Nationals
Minimum age of 18 years old

What is the minimum number of shares I can trade as an existing shareholder?

The minimum number of shares required for trading is 20 shares.

What are the trading hours?

DFM’s trading hours are from 10 am to 3 pm, Monday to Friday.

How can I keep track of my trading portfolio?

You can check and update your portfolio through the DFM App or DFM eServices.

How can I track the share performance?

All listed shares are available to track on the DFM App or the Market Watch on DFM’s website.