Al Meera Prepares Study about Financing Alternatives

Doha, February 21 (QNA) - The Board of Directors of Al Meera Consumer Goods company has instructed the management to prepare a study about available options to finance the expansion plan of the company. The financing alternatives would include borrowing and restructuring the capital, utilizing the expertise and services of a specialized financial consulting firm, Al Meera said in a statement published on the (Qatar Exchange) website on Tuesday. Al Meera Consumer Goods Company was established in 2004 and listed on the Qatar Exchange in 2009. It conducts direct sales of fruits and vegetables, meat, fish, fresh food and similar items. Last July, Al Meera signed a preliminary agreement of QR 350 million with the Saudi-owned Al Muhaidib Group, current owners of the Giant Stores in Qatar, to acquire all the outlets in the country as well as the Al Oumara Bakery Company. (QNA)