Al Meera Consumer Goods Company recorded a QR196.2mn net profit in 2021, it was announced during the company’s annual ordinary general assembly held in the presence of Al Meera Chairman, HE Dr Abdullah bin Abdulaziz bin Turki al-Subaie and members of the board.
In 2021, Al Meera achieved consolidated sales of QR2.8bn, while gross profit reached QR551.4mn. Earnings per share were at QR0.98. The general assembly also approved the board’s recommendation to distribute cash dividends equivalent to QR0.90 per share.
In the presence of the Ministry of Commerce and Industry, shareholders elected five board members by secret ballot to represent the private sector, most of them independents.
The elected members are Khaled Ibrahim Mohamed Abu Yaqoub al-Sulaiti, Sheikh Fahad Falah J J al-Thani, Ahmed Abdulla M A al-Khulaifi, Hetmi Ali Khalifa al-Hitmi, and Mohamed Abdullah Ahmed al-Mustafawi al-Hashemi.
Opening the meeting, HE al-Subaie thanked His Highness the Amir Sheikh Tamim bin Hamad al-Thani for his remarkable leadership and vision of the growth and development, as well as HE the Prime Minister and Interior Minister Sheikh Khalid bin Khalifa bin Abdulaziz al-Thani for his continued support and sound guidance.
On Al Meera’s performance, HE al-Subaie said: “The past year has been challenging for all businesses. Despite this, the Al Meera Group played a vital role during the Covid-19 pandemic by ensuring the availability of essential items for the people of Qatar while achieving another excellent financial performance for our shareholders.
“Al Meera stores continue to see growing demand, reflecting how much our customers value Al Meera’s offer of high-quality products at the most affordable prices in all our neighbourhood stores.
He added: “As we emerge from the pandemic a much stronger business, I am confident that Al Meera Group will continue to exceed the expectations of its customers and stakeholders in line with the company’s vision and in support of Qatar's National Vision 2030.
“The achievements of the past 12 months would not have been possible without the commitment and hard work Al Meera’s management team and staff, and without the support and trust of our valued customers and shareholders.”
In keeping with Al Meera’s ambitious expansion plans, 2021 saw the opening of four new branches – two retail stores in Al Asmakh Mall and in the Jeryan Jenaihat neighbourhood, and two new wholesale branches at Al Sailiya Central Market and at Al Wakra Central Market, bringing Al Meera Group expansion with its operations to 60 stores.
As Qatar’s leading national retailer, Al Meera is delighted to see the country’s economy reaching new heights and proud to play a significant part in that success, it said. 2022 will be an important and unprecedented year for the nation when Qatar welcomes the football world. Al Meera is already showing its support by recently announcing an agreement to market officially licensed products and merchandise for the 2022 FIFA World Cup.
Showing the company’s longstanding support for local farmers and entrepreneurs, Al Meera launched the ‘Local Fruits and Vegetables’ initiative, in co-operation with the Ministry of Municipality and Environment across all branches, thereby creating the grocery retail network in the country.
In the presence of the Ministry of Commerce and Industry, shareholders elected five board members by secret ballot to represent the private sector, most of them independents.
The elected members are Khaled Ibrahim Mohamed Abu Yaqoub al-Sulaiti, Sheikh Fahad Falah J J al-Thani, Ahmed Abdulla M A al-Khulaifi, Hetmi Ali Khalifa al-Hitmi, and Mohamed Abdullah Ahmed al-Mustafawi al-Hashemi.
Opening the meeting, HE al-Subaie thanked His Highness the Amir Sheikh Tamim bin Hamad al-Thani for his remarkable leadership and vision of the growth and development, as well as HE the Prime Minister and Interior Minister Sheikh Khalid bin Khalifa bin Abdulaziz al-Thani for his continued support and sound guidance.
On Al Meera’s performance, HE al-Subaie said: “The past year has been challenging for all businesses. Despite this, the Al Meera Group played a vital role during the Covid-19 pandemic by ensuring the availability of essential items for the people of Qatar while achieving another excellent financial performance for our shareholders.
“Al Meera stores continue to see growing demand, reflecting how much our customers value Al Meera’s offer of high-quality products at the most affordable prices in all our neighbourhood stores.
He added: “As we emerge from the pandemic a much stronger business, I am confident that Al Meera Group will continue to exceed the expectations of its customers and stakeholders in line with the company’s vision and in support of Qatar's National Vision 2030.
“The achievements of the past 12 months would not have been possible without the commitment and hard work Al Meera’s management team and staff, and without the support and trust of our valued customers and shareholders.”
In keeping with Al Meera’s ambitious expansion plans, 2021 saw the opening of four new branches – two retail stores in Al Asmakh Mall and in the Jeryan Jenaihat neighbourhood, and two new wholesale branches at Al Sailiya Central Market and at Al Wakra Central Market, bringing Al Meera Group expansion with its operations to 60 stores.
As Qatar’s leading national retailer, Al Meera is delighted to see the country’s economy reaching new heights and proud to play a significant part in that success, it said. 2022 will be an important and unprecedented year for the nation when Qatar welcomes the football world. Al Meera is already showing its support by recently announcing an agreement to market officially licensed products and merchandise for the 2022 FIFA World Cup.
Showing the company’s longstanding support for local farmers and entrepreneurs, Al Meera launched the ‘Local Fruits and Vegetables’ initiative, in co-operation with the Ministry of Municipality and Environment across all branches, thereby creating the grocery retail network in the country.