The general assembly of Ajman Cooperative Markets distributes 10% cash dividends


Abu Dhabi – Mubasher: The General Assembly of the Ajman Cooperative Markets Association approved, during its meeting held today, Thursday, a proposal to distribute 10 percent cash dividends in addition to distributing 11 percent to shareholders ’purchases for its work for the fiscal year 2019.

This came during the eleventh ordinary general assembly meeting, which was held using the technology of online presence and remote voting, according to the Emirates News Agency “WAM”“.

His Excellency Sheikh Mohammed bin Abdullah bin Sultan Al-Nuaimi, Chairman of the Ajman Cooperative Markets Association, said that the net profit of the association for the year 2019 amounted to 16.67 million dirhams, which is the highest profit since the foundation of the association, and the association achieved sales of about 200 million dirhams, and the total fixed assets jumped to 195 million dirhams.

He pointed to the active role played by the Ajman Cooperative Markets Association in serving the community and easing the burdens of living for citizens and residents in the country, and providing high-quality products in a diversified and competitive price to suit the requirements of all segments of society and meet the demands of shoppers.


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