Friday 14 December 2012

Al Meera plans rights issue to fund Oman, Qatar expansion | Oman Observer

With a strategic and aggressive expansion plan set in motion last year, 2012 has proven to be resounding success for Al Meera Consumer Goods Company QSC and all its subsidiaries. The Company saw a number of Memorandums of Understanding (MOUs) that further reinforced its market position, expand product offerings and outlets to its customers, and streamline internal operations. Significantly, Al Meera also extended its footprint to include the Sultanate of Oman.
"Our expansion into Oman capitalises on the successes we have had in Qatar and transfers it to this regional and important market," explained Dr Mohammed Nasser al Qahtani, Deputy Chief Executive Officer of Al Meera. "This expansion into Oman further diversifies our income portfolio, a value-added element for all our shareholders."

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