Al-Hawila: No Tolerance in Taking Measures Against 'Cooperatives' Violations

Minister of Social Affairs Dr. Amthal Al-Hawila issued a ministerial decree dissolving the board of directors of the Jahra Cooperative Society and appointing an interim board to manage the society’s affairs, following the findings of inspections, audits, and oversight conducted by the ministry. Al-Hawila emphasized that the decision falls within the ministry’s supervisory and regulatory responsibilities over the cooperative sector, reflecting its commitment to protecting shareholders’ funds and upholding principles of integrity, transparency, corporate governance, and compliance with laws and regulations governing cooperative activities. She clarified that the ministry has also referred several incidents and the individuals involved, who are employees of the society, to the Public Prosecution for appropriate action, investigation into the alleged matters, and determination of legal liabilities based on the outcomes of the investigations. Furthermore, she noted that the appointment of an interim board aims to ensure the continuity of the society’s operations and the uninterrupted provision of its services to shareholders and local residents, safeguarding their interests during the transitional period until all prescribed legal and regulatory procedures are completed. Al-Hawila stressed that the ministry will continue its oversight and auditing of cooperative societies and will take legal action against any violations detected, in order to protect shareholders’ funds and enhance the efficiency and sustainability of the cooperative sector.