Al Meera gets shareholders' nod for rights issue
Complex Made Simple

Al Meera gets shareholders' nod for rights issue

Al Meera gets shareholders' nod for rights issue

Qatar's Al Meera Consumer Goods, which last week revealed plans to expand into Oman, has said its shareholders have agreed to a rights issue beginning next year to increase the company's capital by another QR950m to finance the expansion, Oman Daily Observer has reported. This comes in addition to the QR2.9bn raised by the company in negotiations with Qatari financial institutions. "With the additional funds secured from the banks, it's full steam ahead for Al Meera as we strive to become the 'neighbourhood's favourite retailer," said Dr Mohammed Nasser al Qahtani, deputy CEO of Al Meera.

    Author
    AMEinfo Staff

    AMEinfo staff members report business news and views from across the Middle East and North Africa region, and analyse global events impacting the region today.

    © 2021, ADigitalcom. All rights reserved