Dubai-based United Foods Company (UFC) listed shares on 30 July on the Dubai Financial Market. Only UAE investors can buy shares in the company, which traded at AED 3.3 ($0.89) in early August. UFC, which refines edible oils at its factory complex in Dubai, has a paid-up capital of AED 25 million ($6.8 million).
The company is fourth to list shares on the bourse in July after the local Tamweel, Kuwait's Grand Real Estate Projects Company and Qatar's Salam International Investment Company. It is the 40th company to join the market (MEED 7:7:06).
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