The General Assembly of Sharjah Cooperative approved the distribution of profits amounting to 21% for the year 2019 in the form of a return on capital of 10% and return on shareholders ’purchases by 11%. < / p>
According to the Emirates News Agency, during the annual meeting of the association for the fiscal year ending 2019 that was held remotely, the Board of Directors' report for the year 2019 was approved and the results of the audit work for the fiscal year ending on December 31, 2019 and the balance sheet and profit and loss accounts for the year were approved Ended on 31/12/2019.
The General Assembly also approved the recommendation of the Board of Directors to distribute a return on shareholders ’purchases of 11 percent and a return on shares of 10 percent in addition to absolving the members of the board of directors and auditors from everything related to their management of the Sharjah Cooperative for the year 2019 and the General Assembly authorized the Board of Directors to appoint an auditor for the fiscal year 2020 .
