Union Coop

The document is the interim condensed financial statements for Union Coop, covering the three-month period ending on March 31, 2025. These statements are unaudited.

The Union Coop held its General Assembly Meeting on March 18th, 2025, from 10:00 AM to 12:00 PM, both in person at the Sheikh Mohammed bin Rashid Library in Al Jaddaf and remotely. The meeting, chaired by H.E. Majid Al Shamsi, achieved a quorum of 0.41% of the total attendance in terms of capital. During the meeting, the following were approved: the minutes of the previous General Assembly meeting for the financial year ending December 31, 2023; the Board of Directors' report on Union Coop's activities for the financial year ending December 31, 2024; the study of transforming Union Coop into a joint-stock company; the new Articles of Association for Union Coop; the auditor's report for the financial year ending December 31, 2024; and Union Coop’s audited financial statements for the financial year ended December 31, 2024.

Union Coop has announced that its Board of Directors will hold a meeting on Thursday, February 27, 2025, at 4:30 PM. The agenda includes discussions on the proposed dividend distributions for 2024 and updates on regular business matters. The announcement is addressed to H.E. Hamed Ahmed Ali, the Chief Executive Officer of the Dubai Financial Market.