Union Coop has approved a cash dividend of 14 per cent for shareholders, along with a 5 per cent return on purchases, following its annual general assembly meeting held in Dubai.
The decision was taken during the meeting, which took place both in person at Dubai Chambers and virtually. Shareholders also approved the Board of Directors’ report for 2025 and the audited financial statements for the year ending December 31, 2025.
The cash dividend amounts to Dhs244.38 million, equivalent to Dhs0.14 per share. In addition, a return on shareholders’ purchases worth Dhs36.81 million was approved.
Financial results
An allocation of Dhs6.14 million was also approved for corporate social responsibility initiatives for 2025.
During the session, shareholders reviewed key financial data, including the balance sheet and profit and loss accounts, and confirmed the cooperative’s overall performance for the year.
Projects update
The meeting also included discussions on completed and ongoing projects, as well as future developments currently in the planning stage. Shareholders attending both in person and online were able to raise questions, which were addressed during the session.
Commenting on the results, Union Coop CEO, Mr. Mohamed Al Hashemi, stated that the cooperative’s performance in 2025 reflects the strength of its operational strategy and its success in delivering sustainable growth that directly benefits shareholders. He noted that the approval of a 14% cash dividend, alongside a 5% return on purchases, underscores Union Coop’s commitment to its cooperative model and enhancing shared value.
He added that Union Coop will continue advancing its expansion projects and enhancing the customer shopping experience, with a strong focus on innovation, sustainability, and social responsibility, further strengthening its position as one of the UAE’s leading cooperatives while meeting the expectations of its shareholders and customers.
