The General Assembly of the Sharjah Cooperative has approved the distribution of a cash return of 10% on capital as well as a 10% cash return on member purchases for the fiscal year 2025.
The Board of Directors expressed its gratitude to His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, a member of the Supreme Council and the Ruler of Sharjah, along with His Highness Sheikh Sultan bin Muhammad bin Sultan Al Qasimi, the Crown Prince and Deputy Ruler of Sharjah, for their ongoing support of the cooperative’s endeavors.
During the annual meeting regarding the fiscal year ended 2025, the assembly ratified the Board of Directors’ report for the year 2025, approved the outcomes of the financial audit for the fiscal year concluding on December 31, 2025, and the balance sheet along with the profit and loss statements for the same period.
Additionally, the majority of the assembly members voted in favor of distributing a 10% cash return on member purchases and a 10% return on shares, with plans to deliver the profits before the Eid al-Fitr holiday. The assembly also granted discharge to the Board members and auditors from all matters related to their management of the Sharjah Cooperative for the year 2025 and empowered the Board to appoint the auditor for the upcoming fiscal year.