Mubasher: Al Meera Consumer Goods Company’s ordinary general meeting (OGM) has approved the distribution of QAR 8.5 per share in dividends.
The OGM also approved board’s report of the last year and discussed financial statement and auditing report, the Qatar-based company said in a statement on Wednesday.
“In 2017, Al Meera made strides to continue the Company’s expansion plan, in line with its mission to keep pace with Qatar’s urban planning and development, which covers new areas and others that have recently witnessed a population boom,” Al Meera deputy chairman Saif Said Al Sowaidi said.
The company plans to double its network of branches in Oman in the coming five years, Al Meera revealed.
“Al Meera Oman is currently considering the possibility of setting up major partnerships with a number of organisations to establish its presence in the four sites that Al Meera will develop, to cater to the needs of the residents of those areas,” the goods provider remarked.
The Qatar-listed firm seeks a tender for the construction of its commercial centre in Al Amirat in the first quarter of 2018.
Al Meera posted a 7.9% year-on-year decrease in profits during the fourth quarter of 2017.
