Emirates news agency – Sharjah Cooperative General approves a 21 percent dividend

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Sharjah on March 24 / WAM / approved the General Assembly of Sharjah Cooperative
Distribution of 10% return on capital and distribution of returns on purchases
Shareholders by 11 percent for the work of the association for the year 2019.

During the annual meeting of the association for the fiscal year ending 2019
It was held remotely to endorse the report of the Board of Directors for the year 2019
And approve the results of the audit work of the financial year ending in
31/12/2019 and on the balance sheet and profit and loss accounts for the year
Ended on 31/12/2019.

The General Assembly also approved the recommendation of the Board of Directors to distribute a return on purchases
Shareholders by 11 percent and return on shares by 10 percent
Aside from absolving the members of the Board of Directors and auditors of all matters
To manage the Sharjah Cooperative for the year 2019 and the General Assembly has delegated a council
The management appoints an auditor for the fiscal year 2020.

Wam / Batoul Kashwani / Emad Al-Ali





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