Al Meera Holding Company eying at the lucrative Omani retail market potential has signed an agreement to purchase the business and assets of the ‘Safeer’ stores in the Sultanate of Oman, a release issued by Al Meera said yesterday.
Al Meera Holding Co is a subsidiary of Al Meera Consumer Goods Co (owned 99 percent by the Company and one percent by Al Meera Central Markets Company), and Al Meera Development Company LLC (owned 99 percent by the company and one percent by Al Meera Central Markets Company).
The Omani company operates hypermarkets and supermarkets in the Sultanate; Al Meera and its Omani partner National Investment Funds Company SAOC (NIFCO) , will complete within the coming days the incorporation of Al Meera Oman and Al Meera Market SAOC in Oman to manage the Safeer stores, and any other purchases made in the future.
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