Manakhah:Sana'a Manakhah Multipurpose Cooperative Society was officially launched in the Manakhah district of Sana'a governorate. The launch event took place on Wednesday, corresponding to 2 Jumada al-Akhirah 1448 AH.
According to Yemen News Agency, during the founding meeting, members of the cooperative society reviewed its statute, internal bylaws, objectives, and operational mechanisms. This was followed by the election of the administrative and supervisory bodies.
The cooperative society commenced its operations with 517 founding members, holding a total of 1,180 shares, and an initial capital of 5,540,000 Yemeni Rials. District Director Munir Al-Kebsi highlighted the society's role as a significant contributor to local development. He stressed the importance of enhancing cooperative performance and implementing sustainable, revenue-generating projects. Al-Kebsi also reaffirmed the local authority's commitment to supporting the society and urged residents to participate actively in achieving self-sufficiency, a priority highlighted by the revolutionary, political, and government leadership.
Mohammed Najad, Director of the Cooperative Societies Department at the Governorate's Office of Social Affairs, detailed the organization's foundational goals, functions, and planned programs. He emphasized the society's contribution to strengthening the region's overall cooperative and developmental framework.
