(Al Dhafra) will open its IPO next year

The Board of Directors of Al Dhafra Cooperative Society, headed by Mohammed Khalifa Al Hamli, announced today the opening of the IPO for the citizens of Al Dhafra area next year. This came during the meeting of the Assembly of the Assembly in Madinat Zayed, which was briefed on the report of the Accounting Office and the discharge of the Board of Directors and the announcement of the proportion of dividends from last year, and the Board of Directors to appoint an accountants for the next year.

Al Hamli explained that the decision to open the subscription comes in response to the directives of His Highness Sheikh Hamdan bin Zayed Al Nahyan, Ruler's Representative in Dhafra, to open new investment fields to the citizens of Dhafra area, especially those who do not have shares in the association. Subscription is open for the beginning of 2020.

Al Hamli added that the IPO will not affect the old shareholders but will have many advantages for both old and new shareholders. The IPO will increase the financial resources of the association, which means more investments benefiting both the region and the shareholders. Given the great economic weight it represents in the Dhafra area.

Al Hamli pointed out that the coming period will witness further developmental changes in various sectors and fields. The investment and development opportunities available to the Association will be studied with the aim of supporting and developing them through constructive communication between the members of the Board and the employees of the Association and the shareholders of the Association. Through the use of their views and proposals in the development of plans and future policies of the Assembly.