This took place during the cooperative's annual meeting, held on Sunday, where the board of directors' report, audit results, balance sheet, and profit and loss account for the financial year ending December 31, 2025, were officially approved. The General Assembly of "Sharjah Cooperative" approved the distribution of cash dividends at 10% on capital and 10% on shareholders' purchases for the 2025 financial year, by a majority vote of members. It was decided to distribute these profits before the start of Eid al-Fitr. The decisions also included the discharge of board members and auditors from liability for their management in 2025, and the authorization of the General Assembly to appoint an auditor for the upcoming year.
Sharjah Cooperative Approves Dividend Distribution
The General Assembly of Sharjah Cooperative approved the distribution of cash dividends at 10% on capital and 10% on shareholders' purchases for the 2025 financial year, and discharged the board of directors and auditors from liability.