Doha – Mubasher: Marmore MENA Intelligence named Al Meera Consumer Goods Company as one of five Qatari firms in its ‘30 most valuable non-banking companies in the GCC’ list.
Al Meera said that the rank reflects the success of the company’s growth strategy and sustained profitability over its decade-long history, according to a statement.
The Qatar-listed company added that the selection was based on financial performance and quantitative methods, taking into account three key parameters, namely the company’s Return on Equity (ROE), Debt-to-Equity (D/E) ratio, and its average profit after tax (PAT) growth percentage for the past three financial years, with weightage of 40%, 40% and 20% respectively.
Besides Al Meera, the Marmore Mena Intelligence’s ‘Top 30’ list included four other Qatari firms; Medicare Group, Qatar Fuel (Woqod), Widam Food, and Mazaya Qatar.
Al Meera recorded the second highest annualized 5-year returns (5 year CAGR) at 43%, following Qatar’s Medicare Group, which registered a 5-year CAGR of 49%.
“Being recognized as one of five Qatari companies that are considered the most valuable in the GCC is not only a testament to Al Meera’s sound policies and carefully planned and executed expansion strategy throughout the years, but also reaffirms our position as one of the main pillars of the national economy and an integral part of Qatar’s development program,” Mohammed Nasser Al Qahtani, deputy chief executive officer of Al Meera, said.
