How many Coopmarts participated in Madani Cooperative Sales until end of 2022?

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104 Coopmarts Participated in Madani Cooperative Sales Until the End of 2022

Until December 31, 2022, a total of 104 Coopmarts were involved in the Madani Cooperative Sales initiative. This programme offers daily necessities at prices up to 20 per cent lower than prevailing local market rates, aiming to provide significant savings for consumers. The initiative has demonstrably benefited a large segment of the population, with over half a million individuals experiencing financial relief.
Madani Cooperative Sales Offer Substantial Savings

The Madani Cooperative Sales initiative has been instrumental in reducing the cost of essential goods for Malaysian consumers. Until the end of 2022, these sales provided savings exceeding RM5.7 million, directly benefiting 527,447 people. The programme achieves this by offering prices for daily necessities that are up to 20 per cent lower than those found in the general market.
Financial Support and Operational Scale of Coopmarts

To support and expand such initiatives, the Malaysia Cooperative Societies Commission (SKM) has allocated RM1 million for the Madani Cooperative Sales for the current year. This funding aims to further promote and encourage public engagement with cooperative retail outlets. Currently, 2,581 Coopmarts are operational nationwide, with a significant portion, 38, having been enhanced to serve as distribution centres.
Broader Cooperative Sector Performance

The cooperative sector in Malaysia is substantial, encompassing 15,315 registered cooperatives with a total membership of 7.3 million people as of December 31, 2022. This extensive network generated a total turnover of RM45.5 billion within the same period. Furthermore, 10 cooperatives have achieved recognition by being listed in Malaysia’s Best Cooperatives Index, indicating strong performance and governance within specific entities.

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How many Coopmarts participated in Madani Cooperative Sales until end of 2022?

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