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Al Meera mulls local, overseas expansion – chairman

Al Meera mulls local, overseas expansion – chairman
Al Meera will establish three projects in Oman
Al Meera
MERS
-0.68% 13.11 -0.09

Mubasher: Al Meera Consumer Goods Company has said it will inaugurate eight new branches in Doha Metro stations over the next period by collaborating with Qatar Rail Company, chairman Thani Bin Thamer Al Thani said.

Al Meera also plans to raise its presence in universities, in addition to opening new offices in Al Shamal region and in other areas, Al Thani added.

The chairman further indicated that his firm will establish three projects in Oman after inking a deal with Omani company to build the projects in Al Amarat region.

Oman's projects are set to be finished in one year and a half, he noted. 

In September, Al Meera inked a contract with Qatar Rail Company to open new convenience stores that would be operated in the red and green lines in Doha Metro.

The firm last reported an 18.2% year-on-year profit drop for the third quarter of 2018, logging QAR 28 million, compared to QAR 34.3 million.

For the first nine months of 2018, Al Meera’s profits declined to QAR 121.3 million, versus 136.7 million in the same period the year before.