President of Federation of Societies: No increase in commodity prices in cooperative societies

  • 09/07/2023

The president of the Federation of Cooperative Societies, Abdel Wahhab Mashari Al-Faris, emphasized the need to avoid raising commodity prices in cooperative societies while also stressing the importance of giving the middle class and working class all the support they need and maintaining their purchasing power.

Al-Fares said in a press statement: We are committed to the directives of the Ministers of Affairs and Trade, as well as the decision of the Ministry of Commerce No. 67 of 2020 regarding not increasing prices, indicating that any association that violates ministerial decisions exposes its decision-makers to legal accountability. A price committee was formed in the Federation and 315 requests including 1350 items were examined from the date of May 30, 2023, he continued.

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