The Sharjah cooperation Society was founded in March 1977 by ministerial decree (no. 16, 1977) as the first of cooperative societies in the United Arab Emirates. This came under the directives of His Highness Dr. Sheikh Sultan bin Muhammad Al-Qassimi Supreme Council Member and Ruler of Sharjah to spread cooperative services in the emirate, and to raise the standard of living of its inhabitants socially and economically by adopting cooperative principles.