Al Meera to double capital ahead of retail expansion drive
- Qatar: Wednesday, October 10 - 2012 at 02:38
Qatar's Al Meera Consumer Goods Co has received the shareholders' approval to double its capital through a rights issue, Gulf Times has reported. The funds will be used to implement the company's aggressive expansion strategy that will see more Al Meera outlets opening up in Qatar as well as outside the Gulf country, said chairman Abdulla bin Khaled al-Qahtani. "We have signed agreements with international outlets so that our name will spread beyond our borders," he said. "International retailers such as WH Smith have signed with us to establish their brands here in Qatar. As a result, the company's position has changed, and we have become even more dominant in the retail sector," said al-Qahtani.
- Saudia to stop Jeddah-Kano service
- Oman Air first GCC carrier to order B737-900ER...
- Iran cancels local drilling rigs deal, to buy...
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by Mediaquest FZ LLC and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
Mediaquest FZ LLC can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of Mediaquest FZ LLC.
In no event shall Mediaquest FZ LLC be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.