Qatar's Al Meera Consumer Goods receives shareholder's green light for capital increase
- Qatar: Tuesday, October 09 - 2012 at 16:24
The QE Index closed unchanged at 8,482.09 Tuesday. Shares of Al Meera Consumer Goods closed flat at QR162. Earlier in the day, Al Meera said the Extraordinary General Meeting of the firm's shareholders has approved to increase the capital through a rights issue of 100% of total capital to the existing shareholders at the nominal price of QR10 per share, plus a premium of QR85 per share. "In the past few years, we have seen Al Meera take a successful journey," said HE Abdulla Bin Khaled Al-Qahtani, Chairman of the Board of Al Meera. HE added that "We have embarked on an aggressive expansion strategy, that will not only see more Al Meera outlets opening up across the country, virtually guaranteeing easy access to the entire population of Qatar, but also expanding our offerings."
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