Any Questions?

The Benefits of a Cooperative Member are:

1. Privilege access to the Cooperative’s Healthcare Facilities in Qatar and the Philippines for yourself and family*

2. Privileged access to the MMG Hospitals in the Philippines*

3. Members can avail Discounts.

4. Patronage Refunds

5. Be a Part Owner of the planned Healthcare facilities in Qatar and in the Philippines

6. Return on Investments / Dividends

7. Priority in Employment within the Cooperative

8. Voting rights for Common Share Holders / Stock Owners

9. Group Life Insurance (very soon)

* Family refers to relations up to first degree of consanguinity.  Privileged access to and discounts from the other MMG Hospitals in the Philippines are subject to the approval of reciprocal agreements with these Hospitals.

Characteristics Membership Type
Regular Associate
Basic Qualifications
  • Filipinos based in Middle East or Filipinos based in the Coop’s area of operation
  • Of legal age; with capacity to contract
  • Completed the Pre-Membership Education Seminar (PMES)
  • Signed membership & Paid the membership fee;
  • Paid the required minimum share capital or initial investment
  • Filipino citizen
  • Of legal age; with capacity to contract
  • Completed the PMES
  • Signed membership & Paid the membership fee;
  • Paid the required minimum share capital or initial investment
Joining Fee Php 1,000 Php 1,000
Rights
  • Participate and vote during Gen. Assembly meetings
  • Seek any elective or appointive position
  • Avail the services of the cooperative
  • Inspect and examine the books of accounts, minutes books, share register, and other records of the cooperative during office hours
  • Has preference in the distribution of the net assets of the coop in case of liquidation
  • Investor unable to fulfill the responsibilities of a member in good standing
  • Avail the services of the cooperative
  • Inspect and examine the books of accounts, minutes books, share register, and other records of the cooperative during office hours
Liability for Coop Debts Limited to the extent of member’s subscribed share capital

Yes, especially for Immediate Family Members mentioned in the note above. Also, Members can avail of the Cooperators’ Health Fund Insurance cards for Managed Healthcare services to be offered. These are subject to MMG chapters agreement and approval.

Voting by Common Shareholders (Regular Members) is on a one (1) person, one (1) vote basis.  Voting is done normally in a General Assembly attended Physically or Virtually thru approved Electronic means in accordance with the Coop By-Laws.

There is a Capital Build Up (CBU) period. For our Cooperative, two (2) years will be the CBU period wherein the Cooperative Member will complete his Subscription Payment. During the CBU period, no “Withdrawal” is allowed unless approved by the Board.  All “Withdrawals” of Subscriptions will be treated as Sale of Shares subject to both Pre-Emptive and Appraisal Rights. The sale/transfer of shares will also be at the prevailing book value.

25% of subscribed shares to be paid up upon membership registration, balance in 24 months installment or shorter depending on member’s/associate’s financial capacity.

After the CBU, the Cooperative Shares can be Transferred in accordance with the Cooperative Articles and By-Laws subject to Pre-Emptive and Appraisal Rights.

The coop shares earn annual interest on share capital (dividends) proposed by the Board and ratified by the General Assembly in accordance with the Coop By-laws from the unrestricted net surplus. The Dividends are normally paid through Cheques but can be paid based on instruction of the Cooperative member.

Please refer to response to Item No. 5.

The shares will earn Dividends based on the Profitability of the Cooperative. The estimated conservative payback period is Five (5) years.

The coop shares will earn money from investments in healthcare facilities in Qatar and the Philippines and from other investments and deposits.   On top of the coop dividends, the coop members will earn patronage refunds computed based on usage of the coop services.  This is equivalent to reward points used by most international banks, airlines, etc.

The stocks will earn Dividends proportionate to its Percentage Share in the Cooperative.

Members will have Monetary and Non-Monetary Benefits as mentioned in response to Item Nos. 1, 2, 3, 4 and 8.

The Cooperative invested in a polyclinic (Ocean Medical Centre) now operating in Ain Khalid and a fitness facility (Gym MMG Mandirigma) in Bin Mahmoud, Doha, Qatar.  It is also actively seeking for other business opportunities in the Healthcare sector in Qatar and in the Philippines.

If you wish to obtain further explanation or would like to become a member, please write to info@mmgqatarcoop.com.  Those who wish to be a member will be required to:

  • Attend the Mandatory Pre-membership Education Seminars (PMES)
  • Fill up the Membership Application Form and Subscription Form.
  • Pay the membership fee and the required initial capital contribution.
  • Provide copy of Passport or any 2 valid IDs (PRC or Drivers License, SSS, GSIS, OWWA/iDOLE card, Voter’s ID, Senior Citizen ID, PWD ID)

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