generality "Sharjah Cooperative" Approves a 20% dividend distribution
Sharjah, February 23 / WAM / The General Assembly of the Sharjah Cooperative approved, with a vote of the majority of members, the distribution of cash returns of 10% on the capital, and 10% on shareholder purchases for the work of the fiscal year 2025, and it was decided to deliver these profits before the blessed Eid Al Fitr.
This came during the cooperative’s annual meeting held yesterday, where the Board of Directors’ report, the results of the audit, the balance sheet, and the profit and loss accounts for the financial year ending on December 31, 2025 were officially approved.
The decisions also included discharging the members of the Board of Directors and auditors from their management for the year 2025, and authorizing the General Assembly of the Board of Directors to appoint an auditor for the fiscal year 2025.
The Board of Directors appreciated the continued support for the cooperative’s journey, expressing its sincere thanks and gratitude to His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, and to His Highness Sheikh Sultan bin Muhammad bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah, for their constant follow-up.
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