Economy Local February 17, 2025

Union cooperation achieves net profits of 314.55 million dirhams in 2024, with a growth of 5.95% from the previous year, indicating its success in enhancing its financial performance.

The Union cooperation recorded a net profit of 314.55 million dirhams in 2024, growing by 5.95% from the previous year, which indicates its success in enhancing its financial performance.


Union cooperation achieves net profits of 314.55 million dirhams in 2024, with a growth of 5.95% from the previous year, indicating its success in enhancing its financial performance.

The cooperative "Al-Ittihad" recorded a net profit of 314.55 million dirhams in 2024, which signifies a growth of 5.95% compared to the previous period. According to the statement of the cooperative's president, this achievement reflects sustainable growth in key areas of the cooperative's activities. He also noted that the profit growth occurred due to quality investment projects that proved successful. The main financial performance indicators of the cooperative also confirmed these results. The total volume of assets increased to a certain number, while the capital adequacy ratio remained at a high level, which underlines the financial sustainability of the organization. "The achievement of high performance indicators is the result not only of the efforts of our employees but also the trust from our clients. We plan to further develop our projects and strategies to ensure stable growth and meet the needs of our participants," the president noted.