Union Coop Distributes 24% Cash Dividend; 6% Return On Shareholder Purchases

Union Coop Distributes 24% Cash Dividend; 6% Return On Shareholder Purchases

Majid Hamad Rahma Al Shamsi, Chairman of Union Coop said: "The total profit distributed to the shareholders for the year 2019 amounted to AED 479.02 Million, and it accounts to 93.4% of the net profit, explaining that Union Coop achieved a net profit of AED 512.88 Million, which is a 10% growth compared to the net profit of the year 2018.. "Union Coop maintained its total revenue for the year 2019 of AED 2.349 Billion, while the total expenses decreased by 2.4%," added Al Shamsi.. On Union Coop's role in Community Contribution and Social Service, Al Shamsi said: "In 2019, Union Coop spent about AED 34.93 Million on community contributions, in line with Union Coop's strategy of excellence in providing social services and confirming our role in serving the community.. The Emiratization percentage achieved by Union Coop is among the highest rates in the private sector," explaining that Union Coop's strategy aims to retain and develop national cadres.".