Qatar’s Al Meera in the spotlight amid expansion plans
The Doha-based Qatar Exchange (QE) 20 Index closed 0.16 per cent lower at 13,753.51 points on Sunday, August 24.
Al Meera Consumer Goods Company fell by 1.05 per cent to QAR188. The retailer revealed earlier in the day that it plans to open nine new branches across the Qatari capital.
Dr. Mohamed Nasser Al Qahtani, Al Meera’s deputy CEO, says: “The firm’s profit for H1 2014 has grown intensely as net profit grew by 95.8 percent, from QAR57.6 million to QR112.8m, when compared with the same period in 2013.” Therefore, Al Meera would maintain its expansion plans to serve diverse communities in Qatar.
The shares of Ahli Bank gained the most, ending up by 3.26 per cent to reach QAR53.80.
Qatar Navigation declined by 1.66 per cent to hit QAR94.90