Qatar: Al Meera AGM approves distribution dividends, 3% bonus shares

Qatar: Al Meera AGM approves distribution dividends, 3% bonus shares

Qatar - Al Meera Consumer Goods Company’s shareholders have approved the distribution of QR90mn cash dividends at the rate of QR0.45 per share, in addition to 3% bonus shares during the Annual Ordinary General Assembly held recently.

During the meeting, Al Meera chairman HE Dr Abdullah bin Abdulaziz bin Turki al-Subaie announced that net profit in 2022 increased to QR196.6mn and earnings per share remained stable at QR0.98.

During the same year, Al Meera recorded consolidated sales of QR2.8bn with gross profit of QR548.8mn, while the company’s gross rental income amounted to QR83.2mn, with an increase of QR1.9mn over 2021.

HE Dr al-Subaie said 2022 was a special year for Al Meera and Qatar as the country prepared for and hosted the FIFA World Cup.

He said Al Meera played a vital role in contributing to the successful hosting of the World Cup by making shopping services more easily accessible and convenient to Qatar residents and to football fans who visited the country.

To ensure that customers and Qatar’s guests during the World Cup have easy access to basic needs, Al Meera opened 10 temporary stores at strategic locations across the country, in addition to its over 60 branches, he said.

Dr al-Subaie said Al Meera