Tag Archives: Union Coop

Business & Investments

Union Coop’s 43rd General Assembly Meeting: 14% Cash Dividend and 5% Returns on Shareholder Purchases Announced for Fiscal Year 2024

Dubai, UAE:

Dubai-based popular retailer ‘Union Coop’ during its 43rd General Assembly Meeting has approved a cash dividend of 14% on the existing capital and a 5% return on shareholders’ purchases from the cooperative for the year 2024.

The 43rd edition of the annual meeting was held at the Mohammed Bin Rashid Library, wherein the General Assembly approved the Board of Directors’ report for the year 2024, the audited financial statements for the fiscal year ending December 31, 2024, Balance Sheet and the Income statement for the same period.

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Shopping & Promotions

Union Coop March Promo: Retailer Cuts Prices of 3,000 Products by Up to 65%

Dubai, UAE:

Dubai-based retailer Union Coop has announced a major price cut for March. To combat inflation, Union Coop will offer discounts of up to 65% on 3,000 selected food and non-food items, alongside additional price cuts and fixed-price products.

Dr. Suhail Al Bastaki, Chief Community Relations Officer at Union Coop, stated that the initiative includes eight promotional campaigns, aligning with Ramadan promotions to provide high-quality products at competitive prices.

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Business & Investments

Union Coop Reports ‘2024’ Financial Performance

The retail pioneer announced a progressive financial performance for FY 2024, wherein the revenue reached AED 2,491 million, showing a 5% increase, while profit before tax rose by 18%, reinforcing its signature leadership and market dominance.

Dubai, UAE:
The leading Dubai-based retailer ‘Union Coop’ announced its financial results for the fiscal year ending December 31, 2024, showcasing ‘revenue surge’ and operational flexibility. The cooperative recorded a total revenue of AED 2,491 million, with AED 1,854 million from retail operations and AED 637 million from other activities, reflecting a 5% year-on-year increase. Profit before tax surged to AED 348 million, marking an 18% rise compared to AED 297 million in 2023. These strong financials reaffirm Union Coop’s strategic transformation journey, reinforcing its position for sustained growth and expansion, thereby re-affirming its position as the industry leader.

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Ramadan Kareem, Shopping & Promotions

Ramadan 2025: Union Coop Launches Campaign with Discounts Up to 60%

Dubai, UAE:

Dubai-based retailer, ‘Union Coop’ has launched its 2025 Ramadan campaign in line with the UAE’s “Year of the Community” initiative under the slogan “Hand in Hand, announced by H.H. Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE. The signature campaign includes discounts of up to 60% on more than 5,000 food and non-food products to provide affordable shopping options and support consumers during the holy month.

Union Coop CEO Mr. Mohamed Al Hashemi

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Sports & Recreations

Union Coop Reveals Promotions for February 2025

Dubai-based retailer announces discounts of up to 50% on 3,000 selected products during ‘February’

Dubai, UAE:

Union Coop has launched seven promotional campaigns throughout February, offering discounts of up to 50% on 3,000 selected products across its branches and through its smart store. This initiative aims to delight shoppers and provide them with high-quality products at competitive prices in line with the cooperative’s community-oriented initiatives.

Mr. Shuaib Al Hammadi, Sr. Media Section Manager, Union Coop, highlighted that Union Coop continuously strives to enhance customer value, improve their shopping experience, and offer exceptional promotions as part of its ongoing strategies to achieve complete shopper satisfaction. The cooperative has set monthly and annual plans aligned with various seasons, ensuring that promotions cater to the community’s needs every month.

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