Al Meera to open new stores in Qatar Rail

Mubasher: Al Meera Consumer Goods Company on Sunday announced that it has signed a contract with Qatar Rail Company to open new stores.

Under the contract, the Qatar-based company will operate a number of convenience stores in the red and green lines in Doha Metro, according to the firm’s filing to the Qatar Stock Exchange (QSE).

The company did not give further details concerning the agreement's total cost and timeframe of opening the stores. 

It is worth noting that Al Meera’s profit fell 19.3% to QAR 49.93 million in the second quarter of 2018, compared to QAR 61.84 million in the same period of the prior year.

By 11:02 am Qatar time, Al Meera’s stock retreated 0.34% at QAR 153.03. 

Mubasher Contribution Time: 09-Sep-2018 08:28 (GMT)
Mubasher Last Update Time: 09-Sep-2018 08:40 (GMT)