Ajman Co-operative Records AED 61.2 Million in Sales in Q1

The Board of Directors of the Ajman Co-operative Markets Association held its first meeting in its new composition, which was approved by the General Assembly at its most recent session, under the chairmanship of His Excellency Sheikh Dr. Mohammed bin Abdullah Al Nuaimi, Chairman of the Board.

During the meeting, the Association’s financial and administrative results for Q1 2026 were reviewed, during which sales exceeded AED 61.2 million with a growth rate of 45%, net profits surpassed AED 6 million, shareholder purchases grew by 21%, and strong performance was recorded across digital and marketing channels.

His Excellency Sheikh Dr. Mohammed bin Abdullah Al Nuaimi, Chairman of the Board of the Ajman Co-operative Markets Association, affirmed that the exceptional financial results achieved by the Association during Q1 2026 are the fruit of adopting flexible strategies focused on operational efficiency and meeting the needs of both consumers and shareholders, as well as the success of expansion plans and the ability of the Association’s digital and marketing channels to keep pace with market developments.

He added that the Association is advancing in consolidating its leading position through investment in innovation and the development of digital infrastructure, contributing to an improved shopping experience and higher levels of customer satisfaction. He also noted the Association’s commitment to expanding strategic partnerships with local and international suppliers to ensure product diversity and quality at competitive prices, affirming that the coming period will witness the launch of qualitative initiatives supporting sustainability and strengthening the Association’s role in serving the community and delivering added value to shareholders.

The Board in its new composition comprises: Dr. Saeed Saif Al Matrooshi as Vice Chairman, Sultan Khalifa Al Muhairi as Treasurer, Sheikha Abdullah Saeed Al Nuaimi as Secretary, and the following members: Marwan Abdullah Al Mazrouei, Ahmed Ali Al Raeesi, and Engineer Ibtisam Mohammed Al Suwaidi.

The meeting saw the approval of the formation and activation of a number of specialised committees, including: a Projects Committee to oversee expansion, development, and investment plans; an Audit and Risk Committee to strengthen internal controls and risk management; a Human Resources Committee to oversee staff affairs and competency development; and additional supporting committees to bolster institutional operations and achieve strategic objectives.

These steps form part of a strategic direction to enhance institutional performance, raise operational efficiency, and deliver added value to shareholders and customers in line with the aspirations of the period ahead.