Al Meera officially opened the doors of its new shopping center in Umm Garn, Qatar

Al Meera officially opened the doors of its new shopping center in Umm Garn, Qatar

 

DOHA, Qatar, 2017-Nov-17 — /EPR Retail News/ — In the framework of its ongoing efforts to bring its trademark shopping experience to the residents of all areas across the country, Al Meera Consumer Goods Company QSC (Al Meera) officially opened the doors of its new shopping center in Umm Garn to consumers on the 14th of November. The opening took place in presence of Mr. Cobus Lombard, Al Meera Acting Chief Executive Officer, Mr. Salah Al Hammadi Al Meera Deputy CEO, as well as Mr. Mubarak Al-Kuwari, Director of Al-Da’ayeen Municipality, and Mr. Mishal Al-Nuaimi, Member of the Municipal Council of the Eighteenth Circuit besides other Directors from the Company’s departments.

The 2453 m2 shopping center is designed with the needs of the local customer in mind, allowing space for a dedicated Al Meera Supermarket, seven other retailers of need, and a food court that entices the most hungry of visitors – all of this provides the area’s residents with all their shopping needs under one roof, in line with the Company’s motto of being the consumers’ ‘Favourite Neighbourhood Retailer’.

Al-Meera Supermarket is equipped with modern interior designs and shelving installations, state-of-the-art technologies and facilities, along with providing the most popular fresh counters; Umm Garn residents will benefit from a dedicated Butchery, Fishery, Bakery and a Delicatessen.

Commenting on the occasion, Mr. Salah Al-Hammadi, Al Meera’s Deputy CEO, said:

“As with every new branch that Al Meera opens, the Umm Garn store is designed to exceed consumers’ expectations with a distinctive, integrated shopping experience that sets the benchmark for retail chains across the country. This demonstrates our tangible contribution to the real estate development of every neighbourhood in the country. The new shopping center will provide consumers with a wide range of products, while following the highest international standards for quality assurance in processes, procedures and services, synonymous with its motto of being everyone’s ‘Favourite Neighbourhood Retailer’”.

The opening of the Umm Garn branch, follows the launch of Al Meera’s latest state-of-the-art stores in different areas as part of its plan to introduce a number of new shopping centers in succession to consumers across various underserved regions and others witnessing a population boom.

Al Meera is currently working on the setup of more stores in locations that have been carefully chosen in close coordination with the Ministry of Municipality and Environment (MME) to further contribute to the development and urbanization of more districts and territories.

The ambitious expansion plan has been set in motion as an answer to Al Meera’s strategic research and its mission to continue serving the diverse communities in Qatar wherever they are, while effectively contributing to the urban development of the country.

Source: Al Meera

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In celebration of the Holy Month of Ramadan Al Meera hosted Ramadan ‘Ghabga’ gathering for its employees

In celebration of the Holy Month of Ramadan Al Meera hosted Ramadan ‘Ghabga’ gathering for its employees

 

DOHA, Qatar, 2017-Jun-23 — /EPR Retail News/ — In celebration of the Holy Month of Ramadan, Al Meera Consumer Goods Company QSC (Al Meera) has recently organized a Ramadan ‘Ghabga’ gathering, which was attended by a group of senior management officials at the Company, along with senior employees and branch managers.

This event came as part of the social initiatives organized and sponsored by Al Meera during the Holy Month of Ramadan each year and in the context of boosting the spirit of solidarity and teamwork, in recognition of the efforts exerted by the team and in honor of the Holy Month’s values ​​of mercy and harmony.

On this occasion, Al Meera Acting CEO Mr. Cobus Lombard congratulated the team on behalf of Sheikh Thani Bin Thamer Al Thani, Chairman of Al Meera:

“Emanating from our belief that our employees are the heart and soul of the company, we are keen to consolidate the bonds of brotherhood among them and to consolidate the meanings of goodness and generosity in Al Meera ‘family’.” Our Ramadan ‘Ghabga’ gathering, which has become an annual tradition of the company and part of our social responsibility, allows us to interact with each other and enhance our cooperation, while expressing our continued interest in our human capital.”

He added: “Amid the current circumstances the State of Qatar is going through and the great dependence on Al Meera to play its community role of meeting the needs of the market, we take pride in each and every one of you as well as your extraordinary collective effort, which raises the profile of Al Meera day after day and boosts the confidence of consumers, partners and the State in our pivotal role.”

During the Ramadan ‘Ghabga’ gathering, and in order to motivate employees to excel and achieve, exemplary employees were honored and received a number of rewarding prizes. Mr. Lombard, Acting Chief Executive Officer, and Mr. Saeed Mohammed Al Nabet, Director of Administration and Human Resources, also awarded certificates of appreciation to the distinguished staff of various departments for their exceptional efforts during the month of May.

Contact:

Tel: 40119111 – 40119112
Fax: +974 40119186
Email: admin@almeera.com.qa

Source: Al Meera

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Al Meera extends store hours in most branches across Qatar and turns its Al Mansoura shopping center into 24-hour branch

Al Meera extends store hours in most branches across Qatar and turns its Al Mansoura shopping center into 24-hour branch

 

DOHA, Qatar, 2017-May-29 — /EPR Retail News/ — In response to the Ministry of Economy and Commerce’s (MEC) call on shopping centers to adjust their operating hours during the Holy month of Ramadan, to further cater to the needs of consumers, Al Meera Consumer Goods Company (Q.S.C) has arranged to extend the operating hours – till after midnight – in most of the Company’s branches, in addition to turning its shopping center in Al Mansoura into Al Meera’s second 24-hour operating branch (following the Legtaifiya branch) in Qatar.

Al Meera’s latest arrangement comes in appreciation of the Ministry’s role in protecting consumers and enhancing their experiences at commercial venues, and as direct support from the Company’s end, as the first Consumer Retail Chain in the country to communicate its commitment to the initiative ‘The Least We Can Do’ launched by MEC. The initiative also comes in line with Al Meera’s mission to provide consumers across Qatar with convenience and a world-class shopping experience that provides true value for money.

Commenting on the initiative, Sheikh Thani Bin Thamer Al Thani, Al Meera’s Chairman of the Board of Directors, said:

“Since inception, Al Meera has been at the heart of the community and has spared no effort to make a real difference in the shopping experience of consumers across the country, and this year, Al Meera’s active participation in the Ministry of Economy and Commerce’s initiative ‘The Least We Can Do’ is the expression of our appreciation for their role in the Qatari community.”

He added: “In light of this initiative, Al Meera proudly extends its operating hours in most stores and has allocated our Mansoura branch to operate for 24 hours. Al Meera is pleased to be further serving the Qatari community through extending our operating hours, embodying our motto ‘Your Favourite Neighbourhood Retailer’, in line with the Qatar National Vision 2030 for the ongoing support to the various regions of the country.”

Al Meera’s participation in the MEC initiative ‘The Least We Can Do’ comes on the heels of its recent collaboration with the Ministry, where the Company made use of visually designed shelf talkers to clearly designate 418 products that are priced by the MEC in order to keep consumers well informed during the Holy Month, while making their shopping experience at Al Meera convenient and hassle-free as well as enjoyable.

The provision of specially designated MEC-priced items further augments shoppers experience at Al Meera stores during Ramadan, where the Company has launched its ‘1438 consumer goods at cost price’ distinctive offer as a tribute to the Islamic Year 1438, which comes as part of this year’s Ramadan campaign under the slogan ‘an abundance of good, in the month of goodness’.

The campaign comes as an extension of last year’s Ramadan offer, and gives patrons of 35 of Al Meera branches, as well as Géant Hypermarket, the opportunity to purchase at cost price 1438 high quality products that have been carefully selected to cater to the specific needs of shoppers in the holy month.

Since its founding in 2005, Al Meera has continued to affirm its commitment to Qatar’s social and cultural values and has taken many steps to make a real difference in the shopping experience of community members across the country.

The Company has developed a number of remarkable activities that have become an integral part of its annual commitment to the various segments in society, and has exerted great effort to live up to its role-model status in the realm of corporate social responsibility, with a lineup of humanitarian, social and environmental initiatives that were successfully met with great acclaim and engagement from all segments of society.

Contact:

Tel: 40119111 – 40119112
Fax: +974 40119186
Email: admin@almeera.com.qa

Source: Al Meera

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Al Meera opened the doors to its new Community Shopping Mall in Leaibab

Al Meera opened the doors to its new Community Shopping Mall in Leaibab

 

DOHA, Qatar, 2017-May-25 — /EPR Retail News/ — Bringing the current phase of its expansion plan to fruition, Al Meera Consumer Goods Company (Q.S.C) has opened the doors to its new Community Shopping Mall in Leaibab, which introduces Al Meera’s trademark modern interior designs, cutting-edge technologies and state-of-the-art facilities to the underserved area. The branch opening was inaugurated by Dr. Saif Al Sowaidi, Vice Chairman of the Board of Directors, Mr. Cobus Lombard, Al Meera’s Acting CEO, Sales and Operations Director and Mr. Mishaal Bin Abdullah Al Nuaimi, a member of the 18th District Central Municipal Council and Al Meera representatives.

The launch marks the inauguration of one of the largest Al Meera supermarkets in Qatar, and caters to the shopping needs of citizens and residents in Leaibab, while providing them with the chance to make use of the Company’s ‘1438 consumer goods at cost price’ special campaign during the Holy Month of Ramadan.

Al Meera’s Leaibab 2 branch is the last shopping center to launch in the Company’s five-store phase of its 14-branch expansion plan, and comes in the framework of Al Meera’s mission to provide the highest quality products at affordable prices to the communities in which it operates, as well as keep pace with the urban and real estate development of Qatar’s various regions.

The 5100 m2 Community Mall features a 2500 m2 supermarket space that has been built in accordance with international standards, and is equipped with advanced lighting systems, modern interiors, supporting facilities and a huge parking space, to ensure a distinctive shopping experience for its patrons. In addition to that, there are dedicated spaces for shops and restaurants that will be providing their services to shoppers in the near future.

Commenting on the launch of the new branch, Dr. Saif Al Sowaidi said:

“Wherever Al Meera marks its presence, it strives to make a real difference in the shopping experience of citizens and residents. This is why it is our profound pleasure to introduce consumers to the Leaibab 2 branch, one of the largest Al Meera supermarkets in Qatar and a state-of-the-art Community Mall that sets a new benchmark for retail shopping in the area. The opening of our new branch not only serves our ambitious expansion plan, but also reflects our commitment towards the community in which we operate. With a holistically integrated shopping journey and best-in-class services, the fully-equipped store meets consumers’ entire spectrum of needs under one roof, and marks a milestone in our expansion strategy that is set to drive Al Meera’s future growth and confirm its status as the leading retail chain in the country.”

He added: “This auspicious occasion comes in the lead up to the Holy Month, ensuring Al Meera delivered on their promise. Our new branch provides shoppers in the region with the opportunity to make full use of our line-up of Ramadan campaign and offers, reaffirming the Company’s commitment to offer consumers a vast range of competitively priced food and non-food products and an unmatched shopping experience that complements our community development efforts and ongoing initiatives that give back to the community in which we operate. Moreover, we believe that Community Shopping Centers represent an important element in the growth and development strategy of Al Meera, and our brand-new branch in Leaibab is a huge step forward in that direction.”

During the second quarter of 2016, initial works were taking place on six new shopping centers, across various regions in the country, covering Al Khor, Umm Qarn, Rawdat Aba El Heran, Al Sailiya, Leaibab 1 and Azghawa, which will see completion during 2017. Upon the accomplishment of finalizing their construction, Al Meera stores will be expected to reach 50 branches in Qatar by the end of 2017.

Al Meera’s 14-branch expansion plan comes as a result of strategic research and a firmly-set strategy to keep pace with Qatar’s urban planning, which has extended to new areas and others that have recently witnessed a population boom, thereby bringing Al Meera’s trademark shopping experience to more consumers across the country, while further fulfilling its motto of being everyone’s ‘Favorite Neighborhood Retailer’.

Contact:

Tel: 40119111 – 40119112
Fax: +974 40119186
Email: admin@almeera.com.qa

Source: Al Meera

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Al Meera starts this year’s Ramadan Campaign; participates at the ‘Meerat Ramadan at Katara’ festival

Al Meera starts this year’s Ramadan Campaign; participates at the ‘Meerat Ramadan at Katara’ festival

 

In line with the campaign, Al Meera participates in Katara’s month-long ‘Meerat Ramadan’ festival

DOHA, Qatar, 2017-May-16 — /EPR Retail News/ — Held under the slogan ‘an abundance of good, in the month of goodness’, Al Meera Consumer Goods Company (Q.S.C) has officially kicked off this year’s Ramadan Campaign with the introduction of 1438 consumer goods at cost price to the patrons of 35 of its branches across the country, in addition to Géant Hypermarket. In line with the campaign, Al Meera is currently participating at the ‘Meerat Ramadan at Katara’ consumer goods festival, for the duration of the Holy Month.

As part of this year’s campaign, the patrons of 35 of Al Meera branches, as well as Géant Hypermarket, will be able to purchase at cost price, 1438 high quality products that have been carefully selected to cater to the specific needs of shoppers in the Holy Month. Shoppers will be able to spot these products through special shelf talkers.

Commenting on the launch of the campaign, Mr. Cobus Lombard, Al Meera’s Acting CEO, Sales and Operations Director, said:

“Since inception, Al Meera has been at the heart of the community and has spared no effort to make a real difference in the shopping experience of consumers across the country. As part of our unwavering commitment towards the welfare and prosperity of the community we serve, every year, Al Meera makes sure to run massive promotions on hundreds of food and non-food items catering to the needs of all families celebrating every iftar and suhour”.

He added: “This year, we are pleased to extend our Ramadan campaign with Al Meera’s participation in Katara’s ‘Meerat Ramadan’ festival as a token of appreciation and gratitude for the continuous support of our patrons and to share the country’s families in their celebration of the Holy Month. In addition to that, we are also offering 1438 consumer goods at cost price, as a tribute to the Islamic Year 1438. The way we see it, there is no better way to celebrate the Holy Month with our customers, than by sharing with them in their precious moments of gathering.”

Held at the Cultural Village Foundation from May 11 till June 29, ‘Meerat Ramadan’ festival hosts more than 30 local food supply companies offering a wide variety of Ramadan culinary staples and grocery items at low prices, in order to help families around the country in their preparations for welcoming the Holy Month.

Throughout the duration of the ‘Meerat Ramadan’ festival, Al Meera is offering Katara’s visitors a rich variety of Ramadan specials, essential food items and a selection of the 1438 consumer goods that are currently on shelves at cost price at several branches of Al Meera. The interior design of Al Meera’s shop at the festival has been decorated to reflect the Company’s internal colours at its newly opened branches, in addition to replicating the latest innovations and modern shelving setup, in line with the company’s identity.

Al Meera’s Ramadan campaign comes in the framework of the Company’s inclusive CSR program, as well as in the context of providing consumers in Qatar with high quality products at the best price, living up to Al Meera’s motto of being everyone’s ‘Favourite Neighbourhood Retailer’.

Al Meera will also provide adequate quantities of “Tamween” items for Qatari nationals at 34 of its shopping centers across the country, during the Holy Month. In addition to that, Al Meera is currently working with its local suppliers on providing its customers with attractive offers on a variety of consumer products and home appliances at its stores.

In order to keep consumers informed about all initiatives during Ramadan, Al Meera will make use of special labels to designate around the products that will be priced by the Ministry of Economy and Commerce.

The Company is continuously collaborating with its local and overseas suppliers to supply and import the best products from the company’s various sources prior to the Holy Month, including Turkey, Thailand, Vietnam, the United States and the United Kingdom, among others.

Contact:
Tel: 40119111 – 40119112
Fax: +974 40119186
Email: admin@almeera.com.qa

Source: Al Meera

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Al Meera recognized for its efforts and achievements in supporting Qatar’s economy by Forbes Middle East

Al Meera recognized for its efforts and achievements in supporting Qatar’s economy by Forbes Middle East

DOHA, Qatar, 2017-May-05 — /EPR Retail News/ — Forbes Middle East, in partnership with the Minsitry of Economy and Commerce, recognized Qatar’s top 40 listed companies in a ceremony titled ‘Celebrating Qatar’s Success’, held recently at St. Regis Doha.

During the ceremony, Al Meera Consumer Goods Company (Q.S.C), received an accodlade from Forbes Middle East in recognition of its fruitful efforts and winning achievements for the Company, the retail sector and Qatar’s economy, and for its impressionable role in supporting Qatar’s economy towards another successful era.

The Company took home the coveted trophy during a special ceremony that celebrated individuals and businesses that have made strides in taking the peninsula’s economic and social status to greater new heights. The event was held under the patronage of Ministry of Economy and Commerce.

The year 2016 has witnessed Al Meera’s crossing of several milestones, continued growth, and solid financial results. In addition to growing Net Profit attributable to equity holders of the parent by 22.9% and achieving a record-breaking QR 2.6 billion in Sales, the leading retail chain is nearing completion of its current 5 store expansion phase, which is part of the larger and purposeful 14-branch expansion plan, announced during 2015.

Before the end of 2016, Al Meera successfully opened two new branches, starting with the Bu Sidra Branch in October, followed by the North Sailiya (Al Miarad) Branch in December, which together contributed QAR 7.5 million to the year’s total sales. Shortly after, Al Meera’s Umm Salal Ali branch was launched in January 2017, followed by the launch of the Al Wakra (East) Branch in March 2017, and is now in the final stages of preparations for one more store located in Leaibab 2, which is expected to launch within the upcoming days.

The Company’s ambitious and steadfast expansion plan not only helps fulfill Al Meera’s growth strategy, but more importantly contributes to the urban development of the country’s various territories as well as its economic progress, in line with the Qatar National Vision (QNV) 2030.

Moreover, in the course of diversifying the country’s national economy and supporting local startups, Al Meera signed a first-of-its-kind MoU with QDB in December 2016, through which the Company is poised to play a pivotal role in promoting Qatari products by providing entrepreneurs with an established platform for marketing their products and facilitating the integration of incubated SMEs into its value chain.

On the community development front, Al Meera’s unwavering commitment to playing a positive role in the lives of the community in which it operates, culminated in winning the 2016 Qatar Social Responsibility Award for the Large Enterprises category. Moreover, Al Meera was recently honoured with the CSR Responsible Leadership Award by Qatar University, in recognition of its leading part in that field.

The success of the Company’s growth strategy, economic diversification initiatives and its multi-faceted Corporate Social Responsibility (CSR) program, resulted in Al Meera’s recognition as one of five Qatari firms in Marmore Mena Intelligence’s ‘30 most valuable non-banking companies in the GCC’ list.

SOURCE: Al Meera

Contact:

Tel: 40119111 – 40119112
Fax: +974 40119186
Email: admin@almeera.com.qa

Al Meera announces growth in its financial results for 1Q 2017

Al Meera announces growth in its financial results for 1Q 2017

 

DOHA, Qatar, 2017-May-03 — /EPR Retail News/ —  Al Meera Consumer Goods Company (Q.S.C.) announced its financial results for the first quarter of 2017, three months ended 31 March 2017. Sales reached QAR 644.1 million, compared to QAR 641.0 million for the same period in 2016, and Gross Margin increased from QAR 99.7 million in 2016 to QAR 105.2 million in 2017, a growth of 5.5%.

The Earnings per Share (EPS) amounted to QAR 2.03 in first quarter of 2017 versus QAR 2.47 for the first quarter of 2016.

“Al Meera continues to achieve growth in sales and gross profit reflecting our Board of Directors’ clear vision, sound policies, and strategic decisions. The achieved growth over last year shows  that Al Meera market strategy is in line with the current market conditions, and the company’s expenses are kept in line with its expansion plan with the opening of four new community malls that aims to cater to all our customers’ needs”.

He added: “As a Company that puts its customers, stakeholders and the community first, the success and growth we have achieved has inspired us to continue our faithful contribution to the community in which we operate. Which is why, the first quarter of 2017 has witnessed a number of strategic and community development initiatives that have won the recognition of the industry and consumers alike, and we are looking forward to more fruitful results in the next quarter.”

Growth and expansion

On its expansion strategy front, the first quarter of 2017 marked the launch of Umm Salal Ali shopping center, one of the previously announced 5 out of 14-store expansion phase. Built on a land area of 4014 m2, and featuring a 1750 m2 Supermarket, the store has been equipped to serve residents in the area with fresh sections that Al Meera customers enjoy shopping from, in addition to 9 shops, a small food court, a dedicated parking space and other facilities that further augment visitors’ experience at the shopping center.

The milestone achievement was soon followed by the opening of Al Meera’s latest store in Al Wakra (East), bringing Al Meera’s distinctive shopping experience, state-of-the-art technologies and facilities that have become synonymous with the Retailer’s community shopping centers, to one more of the country’s regions that are witnessing significant urban development and a population boom in Qatar, in line with the Qatar National Vision 2030.

Currently, Al Meera has 7 branches under construction, of which 5 are expected to open during 2017. In this sense, the company keeps on delivering its promises to the communities it serves wherever they were in the State of Qatar.

Al Meera’s CSR

On the social level, Al Meera invested in its keenness on spreading a culture of sports among the various segments of the society, as the company celebrated Qatar’s 6th National Sport Day (NSD) by supporting various competitions and events held at the Cultural Village Foundation (Katara), in partnership with the Ministry of Municipality and Environment (MME), the Community College of Qatar (CCQ), and Qatar University (QU). Al Meera’s role in the 2017 National Sport Day activities revolved around offering sports enthusiasts and event participants, fresh fruit, healthy snacks and water at different locations throughout Katara.

The Company’s strong belief in the key role of sports and exercise in leading happy and healthy lives, were also manifested in its participation in the 10th International Gymnastics Federation (FIG) Artistic Gymnastics World Cup in Aspire Dome as the Official Supplier of the event. This year’s event was staged at the highest level (World/Challenge Cup) and involved an array of international gymnasts from 30 countries across its various competitions.

Al Meera’s unwavering commitment to its Corporate Social Responsibility program and its years-long expertise in community development was reflected in the Company’s draft of the global management project “Social responsibility and its impact on local and international companies”, which was presented at Qatar Uuniversity’s CSR Exhibition, in the presence of HE Salah Bin Ghanim Al-Ali, the Minister of Culture and Sports and QU’s President Dr. Hasan Al Derham, among other dignitaries. Al Meera also received the CSR Responsible Leadership Award, in recogonition of its leading part in that field, at a special ceremony held at Qatar University (QU), to launch the CSR Report ‘the National Book’ Qatar 2016.

Contact:

Tel: 40119111 – 40119112
Fax: +974 40119186
Email: admin@almeera.com.qa

Source: Al Meera

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Al Meera ready to welcome the Holy Month with high quality products at the best price

Al Meera ready to welcome the Holy Month with high quality products at the best price

 

DOHA, Qatar, 2017-May-03 — /EPR Retail News/ — Al Meera Consumer Goods Company (Q.S.C) announced yesterday its ‘1438 consumer goods at cost price’ distinctive offer, that comes as part of the Company’s Ramadan campaign under the slogan ‘an abundance of good, in the month of goodness’; which will be launched in a few days, as a tribute to the Islamic Year 1438. The announcement was made during a press conference, held at the Al Meera Headquarters Board Room, in the presence of special guests and members of the media. The Ramadan offer comes in the context of Al Meera’s readiness to welcome the Holy Month, and its constant efforts to provide consumers in Qatar with high quality products at the best price.

The campaign comes as an extension of last year’s Ramadan offer, and gives patrons of 35 of Al Meera branches, as well as Géant Hypermarket, the opportunity to purchase 1438 high quality products that have been carefully selected to cater to the specific needs of shoppers in the holy month.

The special offer is complemented by Al Meera’s provision of adequate quantities of “Tamween” items for Qatari nationals at 34 branches of its shopping centers across the country, during the Holy Month. In addition to that, Al Meera is currently working with its local suppliers on providing its customers with attractive offers on a variety of consumer products and home appliances at its stores.

Moreover, Al Meera will make use of special labels to designate around the products that will be priced by the Ministry of Economy and Commerce, in order to protect and inform consumers during Ramadan, and is continuously collaborating with its local and overseas suppliers to supply and import the best products from the company’s various sources prior to the Holy Month, including Turkey, Thailand, Vietnam, the United States and the United Kingdom, among others.

Al Meera will also support Ramadan programs and initiatives carried out by charities and associations, and is coordinating with the Ministry of Awqaf and Islamic Affairs to distribute some necessary items to the main mosques in the country during the blessed month.

On this occasion, Mr. Cobus Lombard, Al Meera’s Acting CEO, Sales and Operations Director added:

“Our Ramadan campaign, is our humble gift to the community that we serve and our loyal customers who have continued to support us year after year, and it comes as part of our CSR program, which aims to contribute to improving the shopping experience of the members of our community in all aspects and through various means. This year, consumers will be able to enjoy our special Ramadan offer and our trademark shopping experience in more shopping centers and neighbourhoods, following the opening of several new Al Meera stores in previously underserved regions in the country, living up to our motto of being everyone’s ‘Favourite Neighbourhood Retailer’.”

Commenting on the announcement of the campaign, Sheikh Thani Bin Thamer Al Thani, Chairman of the Board of Directors at Al Meera, said:

“At Al Meera, we put our customers first in everything we do and we spare no effort to provide consumers in Qatar with the best shopping experience while providing them with premium quality products at affordable prices. What’s more important is that we always listen to our customers, which is why, in light of the good reception to last year’s Ramadan campaign among consumers, we decided to continue this remarkable tradition this year and offer our valued patrons with even more products at cost price.”

Since its inception in 2005, Al Meera has continued to affirm its commitment to Qatar’s social and cultural values and has taken many steps to make a real difference in the shopping experience of community members across the country. Over the years, the Company has developed a number of remarkable activities that have become an integral part of its annual commitment to the various segments in society.

In the first quarter of 2017, Al Meera has exerted great effort to live up to its role-model status in the realm of corporate social responsibility, with a lineup of humanitarian, social and environmental initiatives that were successfully met with great acclaim and engagement from all segments of society.

Harmonized with Al Meera’s dedication to providing the best shopping experience, the Company most recently launched a joint campaign with Qatar National Bank (QNB) that will be active in all Al Meera stores and Geant hypermarket, where shoppers can earn 1 bonus Life Rewards point for every QAR 2 redeemed (with a minimum spend of QAR 250).

In February 2017, in line with the country’s trend towards urban development outside of Doha, Al Meera celebrated the opening of its new branch in Umm Salal Ali, one of the previously announced 5 out of 14-store expansion phase, to its network in Qatar. Soon after, Al Meera brought its exceptional shopping experience to consumers in Al Wakra (East) with the opening of its third store to date in Al Wakra.

In addition, the Leaibab 2 branch is expected to be opened within a few days, bringing the Company’s five-store expansion phase to fruition by the beginning of Q2 2017. Moreover, during the second quarter of 2016, initial works were taking place on six new shopping centres, across various regions in the country, covering Al Khor, Umm Qarn, Rawdat Aba El Heran, Al Sailiya, Leaibab 1 and Azghawa, which will see completion during 2017. Upon the accomplishment of finalizing their construction, Al Meera stores will be expected to reach 50 branches in Qatar by the end of 2017.

In parallel with the progress made in its expansion strategy, the Company recently took part in Qatar Development Bank’s (QDB) “Moushtarayat 2017” Exhibition and Conference, through which it educated suppliers and local SMEs on the steps they need to take in order to partner with Al Meera, claim their space on its store shelves, and become a part of its growing supply chain, towards Qatar’s economic diversification and the realization of the country’s National Vision for the year 2030.

Al Meera also participated in the 10th International Gymnastics Federation (FIG) Artistic Gymnastics World Cup in Aspire Dome as the Official Supplier of the event, in the framework of its relentless support to cultivating a culture of sports in society.

In addition to that, Al Meera partook in Qatar University’s CSR Exhibition, and took home the Responsible Leadership Award.

Other initiatives sponsored and supported by Al Meera included the events of the 12th Gulf Consumer Protection Week, the World Down Syndrome Day in association with Qatar Society for Rehabilitation of Special Needs, Mother’s Day at the Center for Empowerment and Elderly Care (Ehsan).

Contact:

Tel: 40119111 – 40119112
Fax: +974 40119186
Email: admin@almeera.com.qa

Source: Al Meera

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Al Meera presented at the 2nd Government Procurement & Contracting Conference and Exhibition “Moushtarayat 2017”

Al Meera presented at the 2nd Government Procurement & Contracting Conference and Exhibition “Moushtarayat 2017”

 

DOHA, Qatar, 2017-Apr-13 — /EPR Retail News/ — Al Meera Consumer Goods Company Q.S.C has recently taken part in Qatar Development Bank’s (QDB) and Ministry of Finance 2nd Government Procurement & Contracting Conference and Exhibition “Moushtarayat 2017”, held from 6 – 8 April, 2017 at the Doha Exhibition and Convention Center (DECC), under the patronage of Prime Minister and Minister of Interior, HE Sheikh Abdullah Bin Nasser Bin Khalifa Al Thani.

Al Meera’s participation in the conference comes in the context of its commitment to supporting Small and Medium Enterprises (SMEs) by providing them an ideal platform, through which they can grow their business and usher in a new wave of opportunities for public-private sector cooperation, towards the diversification of the national economy.

Aiming to play an instrumental role in the realization of the Qatar National Vision 2030, the conference seeks to activate the SMEs and the private sector’s contribution to the economic diversification of Qatar, through partaking in public tenders and developing experience with big buyers, such as large private sector companies, semi-governmental and governmental bodies. In addition to that, Moushtarayat allows entrepreneurs and SMEs to develop the requisite experience, resources and professional skillset to compete successfully in the local market.

Being a socially responsible corporate organization, Al Meera’s participation in and support of the Moushtarayat Conference and Exhibition stems from its key strategic direction of contributing to social, community and local business partnerships.

Through its dedicated booth at the three-day event, Al Meera shared its expertise in the field with both experienced and aspiring entrepreneurs, and distributed informative brochures to suppliers and SMEs on the steps they need to take in order to partner with Al Meera, claim their space on its store shelves, and become a part of its growing supply chain.

Stemming from a procurement policy that lays emphasis on sourcing goods and services from the local market, and the budding support of SMEs in the country, Al Meera strongly encourages its contractors and suppliers to give preference to utilizing the services of local companies. Through this strategic approach, Al Meera is fully aligned with and contributing to the economic development objectives as envisaged in QNV 2030.

The Company recently signed a MoU with QDB during December 2016, which identified a range of areas for partnership, including supporting emerging local startups in the grocery and consumer goods niche, by granting them display space and a marketing platform at Al Meera’s stores, as well as extending quick-access support to them across a range of facilities, such as finance, and support through advisory services, through QDB. The first-of-its-kind collaboration is engineered to help local brands achieve exposure to global marketplaces, so that they can achieve higher scales of competitiveness.

Contact:

Tel: 40119111 /40119112
Fax: +974 40119186
Email: admin@almeera.com.qa

Source:  Al Meera

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QATAR: Al Meera opens its third branch in Al Wakra

QATAR: Al Meera opens its third branch in Al Wakra

DOHA, Qatar, 2017-Mar-15 — /EPR Retail News/ — As part of the Company’s ambitious expansion strategy being implemented to reach customers across all regions of the country, along with providing its exceptional services to various segments of society, Al Meera Consumer Goods Company (Q.S.C) has opened its new branch in Al Wakra (East), making it the third Al Meera branch to open its doors to consumers in Al Wakra.

The opening of the new shopping center comes in the framework of Al Meera’s Corporate Social Responsibility, in terms of providing the highest quality products to the communities in which it operates at affordable prices, as well as keep pace with the urban and population boom Qatar is witnessing, in line with the Qatar National Vision 2030.

The new Al Wakra (East) shopping center is located in the Al Jabal Area, with the branch entailing a total 2267 m2, of which around 1500 m2 is the supermarket area. The branch provides sections for vegetables, fruits and delicatessen, along with self-service stations for chicken and meat; in addition to a number of shops and restaurants, which will begin providing its services to the shopping centers’ visitors at the soonest.

The shopping center was built in accordance with the highest international standards and has been furnished with modern interior designs and lighting systems that ensure a distinctive shopping experience. The center feature a supermarket equipped with world-class technologies and facilities, in addition to a large outdoor parking space, further fulfilling the Company’s vision of becoming consumers’ ‘Favorite Neighborhood Retailer’.

The opening ceremony was inaugurated by Dr. Saif Said Al Sowaidi, Vice Chairman of Al Meera, in the presence of Al Meera management. For this occasion, Dr. Saif Said Al Sowaidi said:

We are committed to providing the best services to all citizens and residents in the State of Qatar, especially for the city dwellers that witnessed a great population growth. Hence the opening of the Al Wakra (East) branch comes as a result of the massive growth witnessed by Al Wakra, whose rise in residents required another branch to meet their needs.

He continued: “Al Meera continuously seeks to support the Qatar National Vision 2030 in the nation’s plans for urbanization development. We are very pleased to be serving yet another segment of the Qatari community and look forward to the opening of our upcoming branches. We also commend the efforts of all Al Meera’s employees, and to all those that contributed to the development of its services and to achieve our long-term goals.”

Community shopping centers represent an important element in the growth and development strategy that Al Meera is pursuing, as it serves Al Meera’s expansion plan which aims to reach all segments of society, across all regions in the State of Qatar.

The current expansion phase of the 5 stores that was put in motion, which is set to add a total of 9,709 m2 Supermarket Area to the Company’s presence in Qatar, is part of Al Meera’s ‘14 shopping centers’ expansion plan that was announced in 2015. With the opening of the Leaibab 2 branch, set to be launched during the beginning of Q2 2017, Al Meera will have brought the Company’s expansion phase to fruition.

Along with the aforementioned, there are 6 stores that are currently under construction that began during the second half of 2016, which will include branches in Rawdat Aba El Heran, Azghawa, Leaibab, Umm Qarn, Al Khor and Sailiya. These state-of-the-art stores will bring the expansion plan to a total of 11 out of 14 branches, in line with Al Meera’s vision to provide consumers from various regions across the country their shopping needs under one roof, synonymous with its motto of being everyone’s ‘Favorite Neighborhood Retailer’.

SOURCE: Al Meera

CONTACTS

Tel: 40119111 – 40119112
Fax: +974 40119186
Email: admin@almeera.com.qa

Al Meera supported various competitions and events held during Qatar’s 6th National Sport Day

Al Meera supported various competitions and events held during Qatar’s 6th National Sport Day

 

QATAR, 2017-Feb-20 — /EPR Retail News/ — Stemming from its belief that a healthy mind lies in a healthy body, as well as from its keenness on spreading the culture of sports among the various segments of society, Al Meera Consumer Goods Company (Q.S.C) celebrated Qatar’s 6th National Sport Day (NSD) by supporting various competitions and events held at the Katara Cultural Village.

Al Meera’s role in the 2017 National Sport Day activities revolved around offering sports enthusiasts and participants of the event fresh fruits and water at different locations throughout Katara.

Alongside Al Meera, Katara Cultural Village offered its visitors an exhilarating open-air atmosphere for the National Sports Day, along with a diverse selection of events and sport activities on the beach front, which stemmed from the collaboration with more than 60 private and governmental entities, including the Ministry of Municipality and Environment (MME), the Community College of Qatar (CCQ), and Qatar University (QU) – with the support of the Internal Security Force (Lekhwiya).

The program featured sport booths presented by QU coaches, faculty and students and a health booth and healthy nutrition corner, through which visitors were briefed on the importance of daily exercise in leading happy and healthy lives. Moreover, the NSD program hosted physical fitness and sports training sessions, beach soccer and beach volleyball championships, and a paragliding show performed by the QU Air Sports Club.

The NSD celebration witnessed the active participation of Al Meera’s energetic workforce, who helped create a memorable experience for the participants, in the true spirit of National Sports Day’s call for claiming back one’s zest for an active life.

Al Meera also supported Make A Difference’s (M.A.D) Triathlon’s inaugural event – Katara Aquathlon 2017, with fruits, snacks and water, of which the event offered sports fanatics a fun, friendly and unique ‘swim & run’ experience while racing for the first time within the charming views of Katara Cultural Village, with a route epitomizing the Qatari culture and traditional architecture. The event was supported by Qatar Cycling and Triathlon Federation, and registration was free for all.

M.A.D is a community based group of individuals that promote sports by means of triathlon. As a club, it supports the vision of Qatar National Vision 2030 to increase community participation in sports and physical activity to increase sports talent development.

Al Meera’s active participation in the celebration came as part of its ongoing efforts to create a positive social impact in the community, while reaffirming the Company’s support of sports activities that carry humanitarian messages, as part of the overarching Qatar National Vision 2030 and its focus on human development as the main pillar of the country’s progress and prosperity.

Contact:

Tel: 40119111/40119112
Fax: +974 40119186
Email: admin@almeera.com.qa

Source: Al Meera

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Al Meera opens its newest branch in Umm Salal Ali

Al Meera opens its newest branch in Umm Salal Ali

 

QATAR, 2017-Feb-11 — /EPR Retail News/ — In line with the State’s call for the real-estate development of the areas outside Doha, Al Meera Consumer Goods Company (Q.S.C) has recently welcomed the opening of its newest branch in Umm Salal Ali, which marks the launch of the 3rd shopping center in the Company’s previously announced 14-store expansion plan, while bringing Al Meera’s distinctive shopping experience to one more of the country’s underserved regions – as part of the Company’s mission to provide consumers in every area of the country a great shopping experience that provides true value for money.

The milestone achievement marks the third launch in Al Meera’s current five-store expansion phase in the country, after the opening of both the Bu Sidra and North Sailiya (Al Miarad) branches, with completion nearing the remaining 2 stores due to open their doors to shoppers in the near future, to be located in Al Wakra (West) and Leaibab 2.

In addition to the aforementioned, there are 6 stores that are currently under construction that began during the second half of 2016, which will include branches in Rawdat Aba El Heran, Azghawa, Leabaib and Umm Qarn – to be built on a land area of 10,805 m2, 6,311 m2, 17,390 m2 and 10,230 m2 respectively, while the branches in both Al Khor and Sailiya are to be built on a land area of 15,000 m2 each. These state-of-the-art stores will bring the expansion plan to a total of 11 out of 14 branches, in line with Al Meera’s vision to provide consumers from various regions across the country their shopping needs under one roof, synonymous with its motto of being everyone’s ‘Favourite Neighbourhood Retailer’.

The 4014 m2 new shopping center, located in Umm Salal Ali – next to the Saad Bin Moaz School –, features a 1750 m2 Supermarket that has been equipped to serve residents in the area with fresh sections that Al Meera clients grew used to shopping from at all of its newly opened and renovated stores. The Supermarket’s Fresh Sections include a Butchery, Fishery, Bakery and a Delicatessen.

The Store exhibits Al Meera’s trademark modern interior designs and shelving installations, as well as advanced technologies and facilities that have become equivalent to the Retailer’s community shopping centers around the country.

To serve the community’s diverse shopping needs under one roof, the Umm Salal Ali branch also includes 9 shops, a restaurant area and small food court. A dedicated parking space and other facilities further augment customers’ experience at the shopping center.

During the inauguration of the branch HE Sheikh Thani Bin Thamer Al Thani, Al Meera’s Chairman of the Board of Directors, commented on the Company’s achievement, in the presence of a number of Al Meera Senior Staff, noting:

“We are truly pleased to introduce Umm Salal Ali’s residents with the answer to their shopping needs and to play a significant role in the real-estate development of the area, which has been highlighted in the State’s country-wide urbanization plan. As with every new branch that Al Meera opens, the Umm Salal Ali branch is designed to exceed consumers’ expectations with a distinctive, integrated shopping experience that sets a benchmark for retail chains across the country.”

HE Sheikh Thani Bin Thamer Al Thani added: “The launch of our new shopping center also marks a significant progress in Al Meera’s expansion plan and further widens its reach to more regions in the country, especially ones where residents are underserved or receive lackluster services. This is the perfect occasion to reaffirm our commitment to continue providing consumers with an unmatched shopping convenience and best-in-class services, as well as to advance our goals of contributing effectively to the achievement of the Qatar National Vision 2030.”

The opening of the new shopping center is aligned with Al Meera’s agenda to provide the highest quality products at affordable prices to the communities in which it operates, as well as keep pace with the plan to introduce a number of new shopping centers in succession to consumers across various regions that are witnessing significant urban development and a population boom in Qatar, in line with the Qatar National Vision 2030.

Community shopping centers represent an important element in the growth and development strategy that the Company is pursuing. Al Meera’s expansion plan has been set in motion as an answer to the Company’s strategic research and its mission to continue serving the diverse communities in Qatar wherever they are, while keeping pace with Al Meera’s future growth and the country’s urbanization plan.

Contact:

Tel: 40119111 – 40119112
Fax: +974 40119186
Email: admin@almeera.com.qa

Source: Al Meera

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Al Meera to expand its chain of supermarkets at Msheireb Downtown Doha

Al Meera to expand its chain of supermarkets at Msheireb Downtown Doha

 

QATAR, 2017-Jan-18 — /EPR Retail News/ — Msheireb Properties and Al Meera Consumer Goods Company (Q.S.C) signed a partnership that will bring the country’s leading retail brand to Msheireb Downtown Doha (MDD).

The new Al Meera store will be located at Galleria Mall which forms a major part of the retail offering at Msheireb Downtown Doha.and consist of 100 shops in the vibrant mixed-use community development at Msheireb Downtown Doha, that has been meticulously planned to revitalise Doha’s central urban area. The Galleria will comprise an anchor supermarket (Al Meera), multi and a six screen cinema. The mall will also feature dedicated entertainment zone for children, involving both educational and physical activities where children of all ages will be entertained in a safe and friendly environment.

Msheireb Downtown Doha project offering over 300 retail shops, more than 100,000 square meters of leasable commercial space over 17 grade-A office buildings with 24/7 property management services, a luxury department store, fine dining restaurants, premium hotels, government buildings, four heritage houses, and stylish homes, Msheireb Downtown Doha is set to transform the way we live and work.

The iconic development features a pioneering sustainability design to offer residents and visitors a premier shopping experience with shaded walkways and clean efficient energy that creates the perfect climate to shop and relax.

Commenting on the occasion, HE Sheikh Thani Bin Thamer Al Thani Chairman of Al Meera, said: ” Al Meera’s Msheireb Branch is a new, unique vision of its kind. It is the fruition of years of experience that Al Meera has gained in the model design of the company’s commercial branches, which goes in harmony with the nature of the place and its surroundings. This is the reason behind the design being influenced by the characteristics of the ‘Msheireb Downtown Doha’ project, as one of the most important architectural projects in Qatar, which the concerned authorities were keen on it being a mirror that reflects the essence of the country’s spirit. On this premise, the Msheireb branch design is an attractive blend of the modern Qatari architectural art’s adherence to the authenticity of Qatari culture, as well as its openness to contemporary art trends.”

He added: “Al Meera’s Msheireb branch, will be divided into several sections, of which the first section will be dedicated to the supermarket space, in addition to a space for organic products in the second section, while the third section will be devoted to a coffee shop for organic products. The branch will be equipped with the best technological solutions that follow international standards, paying attention to the smallest details in its advanced lighting systems, and features the best forms of presentation and storage – through the use of racks and shelves with an attractive design to help customers in a quick and easy selection of products, so as to preserve and maintain products, while making the shopping experience fun and exciting.

We are pleased to be serving another segment of the Qatari community, embodying our motto ‘Your Favourite Neighbourhood Retailer’, in line with the Qatar National Vision 2030 for the development of the various regions of the country.”

Speaking about the new partnership, Mr. Abdulla Hassan Al Mehshadi, Chief Executive Officer at Msheireb Properties, said, “We are extremely pleased to welcome Al Meera to Msheireb Downtown Doha. We believe together we can offer visitors and residents an unrivalled experience that seamlessly connects work, life and play. Al Meera’s values reflect our own goals to make a positive impact on our local community, and we look forward to working closely together to make a vital contribution to our country’s vision of a diversified economy.”

Msheireb Downtown Doha, a transformative revitalised urban regeneration project in the heart of Doha, is now open for commercial, retail and residential tenants. This ground-breaking QR 20 billion community initiative covers more than 31 hectares, and its vision to create sustainable modern communities that offer a wealth of residential, commercial and retail prospects.

Contact:

Tel: 40119111/40119112
Fax: +974 40119186
Email: admin@almeera.com.qa

Source: Al Meera

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Al Meera Consumer Goods Company held its third Extraordinary General Assembly meeting

Al Meera Consumer Goods Company held its third Extraordinary General Assembly meeting
Al Meera Consumer Goods Company held its third Extraordinary General Assembly meeting

 

QATAR, 2016-Oct-07 — /EPR Retail News/ — Al Meera Consumer Goods Company (Q.S.C) held an Extraordinary General Assembly on Wednesday 5th of October 2016, at La Cigale Hotel in Al Sadd area. The third meeting was called by Sheikh Thani Bin Thamer Al Thani, Al Meera’s Chairman of the Board of Directors, following the postponement of the second meeting dated September 4th due to the incomplete quorum. The third meeting was held in presence of the attendees who answered the call.

The following points were discussed and agreed upon during the meeting:

  1. Amendment of the Articles of Association of the company as per the regulatory requirements so as to conform with the rules of the Commercial Companies Act no 11 of the year 2015.
  2. Amend Article no (6) of the Articles of Association of the company to transfer the shares of the Government of the State of Qatar amounting to 26% in Al MEERA Company to Qatar Holding Company.
  3. Amend Article no (26) of the Articles of Association amended by Decree of the Extraordinary General Assembly held on 8/6/2008 that states “The Board of Directors shall manage the company and shall consist of seven members two of them shall be appointed by the Ministry of Economy and Commerce against the shares of the State of Qatar provided that one of them shall be the Chairman of the Board. The remaining members shall be elected by secret ballot and the Government of the State of Qatar may not participate in the election of the board members.”The amendment was read as follows:
    “The Board of Directors of the company shall manage the company. The board shall consist of seven members two of them shall be appointed by the Qatar Holding Company against its shares in the company provided that one of them shall be the Chairman of the Board. The other members shall be elected by secret ballot and Qatar Holding Company may not participate in the election of the board members”.
  4. Amend Article no (35) of the Articles of Association that states “the General Assembly may dismiss the Chairman of the Board or any of the Board Members according to the suggestion issued by the Board of Directors by absolute majority, or according to the request signed by a number of shareholders holding not less than quarter of the company’s capital on condition that the Minister of Economy and Commerce’s approval shall be obtained in the event that the dismissal shall be related to the Chairman of the Board or any of the members representing the Government of the State of Qatar”.The amendment was read as follows:
    “The General Assembly may dismiss the Chairman of the Board or any of the Board Members according to the suggestion issued by the Board of Directors by absolute majority, or according to the request signed by a number of shareholders holding not less than quarter of the company’s capital subject the approval of Qatar Holding if the dismissal is related to the Chairman of the Board or the other member who is appointed for the Holding Company’s shares.”
  5. The sentence “The Government of the State of Qatar “shall be replaced with the sentence “Qatar Holding Company” wherever seen and read in the company’s Articles of Association”.
  6.  Authorize the Board of Directors with all the necessary powers to implement the resolutions mentioned above and complete all the procedures before the official offices in the country to abide by the companies’ law.

Prior to the meeting, Al Meera had advised shareholders who are not able to attend the Extraordinary General Assembly meetings to authorize another shareholder in writing, as long as the authorized agent is not a Board of Directors’ member and does not hold more than 5% of the company’s shares. Al Meera had also requested representatives of companies to present an authorization letter stating their mandate to represent those companies.

Trading was suspended on the day of the General Assembly meeting.

The meeting was chaired by Dr. Saif Said Al Sowaidi, Vice Chairman of the Board of Directors, as well as members of the Board of Directors, and shareholders who said: “The call for this Extraordinary General Assembly meeting of Al Meera Consumer Goods Company stems from the keenness of the Board of Directors to interact with shareholders, in the framework of the system of governance and related laws, to address topics on the agenda.”

He added: “Your Company has been able to take firm steps that empowered it to assume a leading position in the consumer goods retail sector. In this context, the company relies on its expansion and development plan, in order to keep pace with the population boom and the urban changes in the State of Qatar, along with its ongoing pursuit of meeting the expectations of consumers and the ambitions and goals of shareholders. Your company is still the focus of attention of local and foreign investors and their investment destination of choice, which is what gives us confidence in the market, and drives us towards exerting more effort.”

And according to Al Meera’s latest Annual Report for the year 2015, released earlier this year, 2015 was yet another year of outstanding accomplishments and tremendous achievements in the company’s expansion milestones, operations and financial growth.

Bringing life to family shopping, the report reaffirmed the company’s adherence to world-class shopping standards at the service of consumer needs and satisfaction, as well as at the various communities, nationals and residents in the State of Qatar.

The Board of Directors’ Report stated that Al Meera’s expansion plans are stretching to new heights with the setup of 14 new shopping centers spread across the country; a result of strategic research to keep pace with Qatar’s urban planning, which has extended to new areas and others that have recently witnessed a population boom.

Contact:

Tel: 40119111/40119112
Fax: +974 40119186
Email: admin@almeera.com.qa

Source: Al Meera

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Al Meera on final stages of preparations for five of its upcoming stores in Qatar

al-meera-on-final-stages-of-preparations-for-five-of-its-upcoming-stores-in-qatar
al-meera-on-final-stages-of-preparations-for-five-of-its-upcoming-stores-in-qatar

 

QATAR, 2016-Oct-04 — /EPR Retail News/ — Putting the finishing touches on its current expansion phase in Qatar, Al Meera Consumer Goods Company QSC (Al Meera) has announced that it is in the final stages of preparations for five of the Company’s upcoming stores in the country. Al Meera plans to launch its five new shopping centers in succession, starting with the 4,239 m2 Bu Sidra branch, which is set to open its doors to consumers in the soon future.

In addition to the Bu Sidra branch, Al Meera will be opening four new shopping centers in North Sailiya (Al Miarad), Al Wakra (West), Um Salal Ali, and Leaibab 2, built on a covered area of 4,000 m2, 2,667 m2, 4,014 m2 and 5, 093 m2 respectively.

The Company’s upcoming stores will add a total of 9,709 m2 Supermarket Area to its presence in Qatar, bringing its trademark shopping experience to citizens and residents in five different suburbs spread across various regions of the country, in line with its mission to contribute to the real estate development of every neighbourhood in Qatar.

Commenting on the company’s achievement as part of its long-term expansion strategy, Dr. Mohammed Nasser Al Qahtani, Deputy CEO of Al Meera, said:

“At Al Meera, we are truly excited to be introducing our seamless shopping experience and make a difference in the daily lives of consumers in new territories with lackluster shopping services. Our state-of-the-art stores are designed to provide citizens and residents in five key suburbs – out of the 14 announced last year – that are witnessing a population boom with unmatched shopping convenience, a vast range of competitively priced, high quality products and best-in-class services and facilities.”

He added: “This is a true testament to Al Meera’s capacity for making its expansion plans a reality for consumers in Qatar and further elevates its status as the leading retail chain in the country. It also demonstrates our unwavering commitment to meeting our customers’ expectations, driving the Company’s future growth, boosting our shareholders’ returns, and effectively contributing to the realization of the Qatar National Vision 2030 and its community development objectives.”

Al Meera’s upcoming shopping centers are built in accordance with international standards and by the time they open, will have been equipped with modern interior designs and lighting systems that ensure a distinctive shopping experience. Each center will feature a supermarket equipped with world-class technologies and facilities, a huge parking space, and a diversity of shops and restaurants other stores, further fulfilling the Company’s vision of becoming consumers’ ‘Favourite Neighbourhood Retailer’.

To date, flooring, refrigeration, and POS installations have been completed in all of the five branches, while modern shelving installations have been carried out in all of the branches except in Leaibab (2), which is currently in progress.

With the five upcoming stores reaching the finalization stage, Al Meera is on the path to completing 11 of the 14 shopping centers expansion plan that the Supermarket Retail Chain announced last year. This is in coordination with the agreement Al Meera signed in March 2016 with Al Khayarin Group Contracting and Trading and Al Muftah Contracting Company to build six new stores in Rawdat Aba El Heran, Azghawa, Leabaib, Umm Qarn, Al Khor and Sailiya.

Al Meera’s expansion plan has been set in motion as an answer to the Company’s strategic research and its mission to continue serving the diverse communities in Qatar wherever they are, while keeping pace with Al Meera’s future growth and the country’s urbanization plan.

Contact:
Tel: 40119111 – 40119112
Fax: +974 40119186
Email: admin@almeera.com.qa

Source: Al Meera

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Al Meera listed as one of five Qatari firms in Marmore Mena Intelligence’s 30 most valuable non-banking companies in the GCC’ list

Al Meera listed as one of five Qatari firms in Marmore Mena Intelligence’s 30 most valuable non-banking companies in the GCC’ list
Al Meera listed as one of five Qatari firms in Marmore Mena Intelligence’s 30 most valuable non-banking companies in the GCC’ list

 

QATAR, 2016-Aug-22 — /EPR Retail News/ — Reflecting the success of its growth strategy and sustained profitability over its decade-long history, Al Meera Consumer Goods Company (QSC) has been named as one of five Qatari firms in Marmore Mena Intelligence’s ‘30 most valuable non-banking companies in the GCC’ list.

The selection was based on financial performance and quantitative methods, taking into account three key parameters, namely the company’s Return on Equity (ROE), Debt-to-Equity (D/E) ratio, and its average profit after tax (PAT) growth percentage for the past three financial years, with weight age of 40%, 40% and 20% respectively.

Out of the 30 GCC companies that made it to the list, Al Meera recorded the second highest annualized 5-year returns (5 year CAGR) at 43%, following Qatar’s Medicare Group, which registered a 5-year CAGR of 49%.

According to the report, Al Meera has expanded its operations in the previous years and witnessed an increase in sales in 2015, while maintaining a low D/E ratio of 0.06. “The average PAT growth percentage was 24% (2013-2015) and the ROE was 11.7% in 2015. The company has planned for major expansions in the coming years and has attracted investors from Qatar and GCC”, the report stated.

In addition to Al Meera and Medicare Group, the other Qatari companies included in Marmore Mena Intelligence’s ‘Top 30’ list are Qatar Fuel (Woqod), Widam Food, and Mazaya Qatar.

Commenting on the company’s achievement, Dr. Mohammed Nasser Al Qahtani, Deputy Chief Executive Officer of Al Meera, said:

“Being recognized as one of five Qatari companies that are considered the most valuable in the GCC is not only a testament to Al Meera’s sound policies and carefully planned and executed expansion strategy throughout the years, but also reaffirms our position as one of the main pillars of the national economy and an integral part of Qatar’s development program.”

He added: “Driven by the excellence of our people, our innovative approach and a solid development strategy that paces with Qatar’s urbanization plan, Al Meera is committed to fulfilling its promises to shareholders, customers and stakeholders, as it continues marching towards becoming the leading retail company for consumer goods in Qatar and beyond.”

Al Meera’s outstanding achievement comes on the heels of the company’s disclosure of its semi-annual financial statements for H1 2016, in which it announced a 10.6% increase in sales from QR 1.22 billion to QR 1.35 billion, compared to the same period in 2015, the total equity stood at QR 1.33 billion on a capital base of QR 200 million, and earnings per share for the period was QR 5.12, a 1.5% increase from H1 2015. In addition to declaring that Al Meera is now in the process of finishing the final stages for the opening of 5 new stores out of the 14 announced last year. The shopping centers announced are due to be open in the near future in Bu Sidra, North Sailiya (Al Miarad), Al Wakra (West), Leaibab 2, and Um Salal Ali.

Contact:
Tel: 40119111 – 40119112
Fax: +974 40119186
Email: admin@almeera.com.qa

Source: Al Meera

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Al Meera signs agreement with Al Khayarin Group Contracting and Trading and Al Muftah Contracting Company to build six new stores

  • Al Muftah Contracting Company to build four of the six stores, while Al Khayarin Group Contracting and Trading will be building the other two
  • Project Management services to be provided by Al Rayan Partners (ARP)
  • Al Meera is expecting the completion of 5 new branches within the next 3 months
  • Al Meera anticipates the reach of 55 branches within the next 2 years

QATAR, 2016-Mar-24 — /EPR Retail News/ — Al Meera Consumer Goods Company (Q.S.C.) is pleased to announce that it has just signed an agreement with Al Khayarin Group Contracting and Trading and Al Muftah Contracting Company, to build six new stores out of the 14 planned for the coming period with total contract value of QR 238,730,146, as part of Al Meera’s expansion strategy for 2016 and beyond.

As per the agreement, Al Muftah Contracting Company will work on the construction of four new Al Meera shopping centres, while Al Khayarin Group Contracting and Trading will be building two new shopping centres for the company. Project Management services for the six new stores will be provided by Al Rayan Partners (ARP).

The four shopping centres awarded to Al Muftah Contracting Company will be located in Rawdat Aba El Heran, Azghawa, Leabaib and Umm Qarn, which will be built on a land area of 10,805 m2, 6,311 m2, 17,390 m2 and 10,230 m2 respectively.

Al Khayarin Group Contracting and Trading, on the other hand, will work on establishing two new Al Meera shopping stores in Al Khor and Saileya, on a land area of 15,000 m2 each.

Dr. Mohammed Nasser Al Qahtani, Deputy CEO of Al Meera signed the agreement with Mr. Khalid A. Al Muftah, Finance Director of Al Muftah Contracting Company and Mr. Muhammad Idrees Anwar, CEO/Managing Partner of Al Khayarin Group Contracting and Trading, during a special ceremony that was held at Al Meera Head Office in Doha.

Commenting on this new collaboration, Dr. Mohammed Nasser Al Qahtani, Deputy CEO of Al Meera, said:

“We are excited to venture into this new partnership with Al Khayarin Group Contracting and Trading and Al Muftah Contracting Company, who will be building six of Al Meera’s 14 new shopping centers planned for the coming period, noting that Al Meera has started its construction works in 5 branches of the 14 from last year in Sailiya North (Al Miarad), Leabaib 2, Al Wakra (west), Um Slal Ali and Bu Sidra, expecting the completion within the next 3 months. Our expansion plans are a result of a well-researched strategy to march with Qatar’s urban plans, as well as to drive the company’s future growth. We are confident that this collaboration will establish highly-developed Al Meera stores that are equipped with world-class technologies and solutions, and will continue to serve customers in different areas of the country, through the excellence of our people and our innovative approach.”

For his part, Mr. Khalid A. Al Muftah, Finance Director of Al Muftah Contracting Company, said:

“We are pleased to be partnering with Al Meera, one of the biggest enterprises in Qatar, and are proud to play a role in its expansion strategy, which caters to the needs of more consumers across the country. The four new stores shall be built to the highest standards, using the latest equipment and will live up to Al Meera’s motto of being consumers’ favourite neighbourhood retailer.”

In his remarks regarding the agreement, Mr. Muhammad Idrees Anwar, CEO/Managing Partner of Al Khayarin Group Contracting and Trading, said:

“It is our honor to take part in helping Al Meera reach more consumers living in the countries’ various regions. Under our partnership agreement, Al Khayarin Group Contracting and Trading will be working on the establishment of two new state-of-the-art shopping centers for the country’s leading supermarket chain. We look forward to the opening of the new Al Meera stores for consumers in those two key locations, which we are confident will reflect Al Meera’s innovation and modernity benchmarks and will be up to its customers’ expectations.”

Meanwhile, Mr. Khalid Fakhroo, General Manager of Al Rayan Partners, commented:

“Al Rayan Partners is proud to provide project management services for Al Meera’s fourteen projects including six stores recently awarded for construction to Al Khayarin Group Contracting and Trading and Al Muftah Contracting Company, in line with the company’s growth plans. With our established experience in project management and our local market expertise, ARP is the right partner for Al Meera’s new shopping centers and we will be trying our level best to ensure that the operations go as planned and that the projects are delivered on time, within budget and as per Al Meera’s approved quality standards”.

Al Meera’s expansion plans are currently stretching to new heights with the setup to construct and equip 14 new shopping centers 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.

The company is working in close and continual coordination and collaboration with the Ministry of Municipality and Environment to exchange recommendations and suggestions in that regard.

In 2015, Al Meera announced the opening of 10 new stores, with 9 stores covering Muraikh, Al Azizia, Muaither, Jeryan Njeima, Al Thakhira, Al Wakra, Al Thumama, Al Wajba, Rawdat Ekdeem and a branch in Gulf mall; this also comes in addition to beginning the works on five new shopping centers in various regions of the country within its plan to complete the 14 new braches as planned, expecting to reach a total of 55 branches within the next 2 years.

SOURCE: Al Meera Consumer Goods Company

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Al Meera signs agreement with Al Khayarin Group Contracting and Trading and Al Muftah Contracting Company to build six new stores

Al Meera signs agreement with Al Khayarin Group Contracting and Trading and Al Muftah Contracting Company to build six new stores

Al Meera with Hamad Medical Corporation held a successful blood donation campaign as part of its corporate social responsibility program

QATAR, 2015-12-30 — /EPR Retail News/ — Al Meera, in collaboration with Hamad Medical Corporation’s Blood Donor Unit, organized a successful blood donation campaign at the company headquarters earlier this month.

The drive is in line with Al Meera’s commitment to Qatar’s communities as part of its corporate social responsibility program, helping to ensure a secure blood supply in Qatar’s hospitals. The success came by the company’s tradition of working with like-minded Qatari organizations such as Hamad Medical Corporation, who are committed as fervently to the same cause.

The campaign saw a very positive response from Al Meera staff who were more than happy to participate in a humanitarian cause that aids patients in need in their journey to recovery.

“The blood donation drive is testament to our commitment to Qatar’s communities and individuals. We are delighted at the altruism and overwhelming response from our staff who were more than eager to help and donate,” said Dr. Mohammed Nasser Al Qahtani, Al Meera’s Deputy Chief Executive Officer. “At Al Meera, we believe that such initiatives raise public awareness on the importance of donating blood, not only because it may save lives, but on the health benefits to the donors themselves.”

In addition, Al Qahtani invited all members of the community and leading corporations to support Hamad Medical Corporation in its blood drives as this adheres to the spirit of the 2030 Qatar National Vision.

The blood drive is part of Al Meera continuous support of health initiatives in Qatar that saw two recent campaigns run by the company:  ‘Action on Diabetes’ during the holy month of Ramadan that was held in several Al Meera branches in partnership with the Supreme Council of Health, and a cancer awareness campaign in collaboration with the Qatar Cancer Society at the Rumeillah hospital.

SOURCE: Al Meera Consumer Goods Company

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Al Meera with Hamad Medical Corporation held a successful blood donation campaign as part of its corporate social responsibility program

Al Meera with Hamad Medical Corporation held a successful blood donation campaign as part of its corporate social responsibility program

Al Meera Q3-2015: Profit from the retail segment surged 53.8% YoY

QATAR, 2015-11-04 — /EPR Retail News/ — Al Meera Consumer Goods Company (Q.S.C.) recently disclosed its third quarter financial statements for the nine month period ended September 30, 2015.

Sales for the period grew 12.1%, to QR 1.80 billion from QR 1.61 billion, compared to the same period in 2014.

Dr. Mohammed Nasser Al Qahtani, Al Meera Deputy Chief Executive Officer said: “Profit from the retail segment surged 53.8% to QR 85.6 million, compared to QR 55.6 million for the corresponding period of 2014, and profit from the leasing segment rose 12.8%, from QR 29.2 million to QR 33.0 million”. He added: “Net profit from Investment Segment was down by 76.3% to QR 18.1 million, compared to QR 76.2 million for the same period in 2014, due to adverse Qatar stock market conditions”.

Al Meera’s financial results come as a result of the company’s successful expansion plans to serve the diverse communities in the state of Qatar and meet the needs of all citizens and residents wherever they are, with competitive prices that take into account all segments of society.

The results also showed a net profit attributable to owners of the company amounting to QR 137.0 million for the nine month period ended September 30, 2015, down by QR 24.1 million, compared to QR 161.1 million for the same period in 2014, due to decline in net profit from investment segment. Earnings per share for the period were QR 6.85, compared to QR 8.05 for the same period of last year.

Al Qahtani continued: “These results clearly demonstrate Al Meera’s ascending performance throughout the years. We are glad to maintain this growth with achieving an ambitious expansion plan involving 40 branches in the State of Qatar. Our aim is to not only increase our retail space, but also to broaden our product offerings to all our customers. This strategy prioritizes the benefit of everyone in the country – shareholders and clienteles alike”.

Within its framework to expand its outlets in all areas of Qatar, Al Meera has begun the construction works on several other branches as part of its expansion strategy to construct 14 new shopping malls across the State, located in Sailiya North, Bu Sidra, Al Wakra 3, Umm Slal Ali, Leabaib 1, Leabaib 2, Rawdat Aba El-Heran, Azghawa, Al Khor, Um Qarn, Rawdat Al Hamama, Jeryan Jenaihat, Al Sailiya and Ain Khaled.

SOURCE: Al Meera

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