Sharjah Co-op approves 20% dividend payout pre Eid al-Fitr

February 23, 2026 / 10:06 PM

Sharjah 24: During the annual meeting of the Sharjah Co-operative Society, held on Sunday, Sharjah Coop’s General Assembly approved, by a majority vote of the members, the distribution of cash returns of 10% on capital and 10% on shareholders’ purchases for the fiscal year 2025, and it was decided to deliver these profits before the arrival of Eid al-Fitr.

The Board of Directors’ report, audit results, balance sheet and profit and loss statements for the financial year ended December 31, 2025, have been formally approved.

The resolutions also included releasing the members of the Board and the auditors from liability for their management in 2025, and authorizing the General Assembly of the Board of Directors to appoint an auditor for the financial year 2025.

The resolutions also included releasing the Board members and auditors from liability for their management in 2025, and granting the Board’s General Assembly the authority to choose an auditor for the financial year 2025.

The Board of Directors expressed its sincere gratitude to His Highness Sheikh Dr Sultan bin Mohammed Al Qasimi, Member Supreme Council and Ruler of Sharjah, and to His Highness Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah, for their ongoing support and consistent follow-through.