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Al Meera plans $261m rights issue by month-end
- Qatar: Monday, January 14 - 2013 at 04:33
Qatari retailer Al Meera Consumer Goods has said it will begin a rights issue at the end of January to double its paid-up capital, Reuters has reported. The firm said it will raise QR950m ($260.9m) from the offering of 10 million new shares between January 27 and February 10. As well as being a franchise for Geant in Qatar and Oman, Al Meera operates more than 20 supermarkets under its own banner in Qatar.
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