Al Meera Marks 10 Years of Achievements
Al Meera Consumer Goods Company celebrated its 10-year anniversary, capping a decade of achievements that have poured into customer and shareholder satisfaction.
At a press conference, Dr. Mohammed Naser Al Qahtani, DCEO at Al Meera Consumer Goods Company, said: “Al Meera’s expansion plans have continued at the service of all of the state’s territories, including the setup and launch of 9 new branches, as well as the lease of the Gulf Mall branch, bringing our network to a total of 47 branches – 42 of which are in the State of Qatar and, five of which are in the Sultanate of Oman.” Dr Al Qahtani stressed on that all of the Al Meera branches have been equipped with world-class technologies and solutions that reflect innovation and modernity, starting with advanced lighting systems and all the way to the latest storage processes and technologies and topnotch shelves. Moreover, the company has consistently developed its shopping experience and product display strategy at the service of a seamless consumer journey – including space planning around commercial and hospitality outlets, as well as parking lots.
Dr Al Qahtani also noted that the company’s expansion plans are stretching to the setup of 14 new stores spread across the country; a result of strategic research and strategy to keep pace with Qatar’s urban planning, which has extended to new areas and others that have recently witnessed a population boom. On this, Al Qahtani stressed on that Al Meera is working in close and continual coordination and collaboration with the Ministry of municipalities and urban planning to exchange recommendations and suggestions.
On a profitability level, Al Qahtani noted that Al Meera’s strategic decisions across all its operations have contributed to a net sales jump from QAR 507.9 million in 2006 to QAR 2.176 billion in 2014. Moreover, net shareholder return has raised nearly 10 times more from QAR 26.1 million in 2006 to QAR 226.6 million in 2014, with earnings per share jumping from QAR 2.61 in 2006 to QAR 11.33 in 2014.
With regards to the acquisitions and agreements that have been accomplished by the company, Dr. Al Qahtani commented: “Throughout its history, Al Meera has played an integral role in Qatar’s sustainable development, enjoying a slew of achievements that have been spearheaded by its executive management under the guidance of the Board of Directors. Many strides have been made toward achieving the company’s expansionary vision and strategy to keep pace with the various developments that Qatar is witnessing across its cities, municipalities and territories, always at the service of the Qatar National Vision 2030.”
Source: Qatar news agency