Al Meera Consumer Goods Company held its Annual General Assembly Meeting for the fiscal year 2024 on Monday, April 14, at Radisson Blu Hotel. At the meeting, shareholders approved a cash dividend of QR0.85 per share. This reflects the company’s robust financial performance.
The meeting, attended by board members, company executives, and shareholders, began with a welcoming address by Jassim Al Surour. He is the Director of Administrative Affairs and Human Resources. He expressed appreciation to Amir H.H. Sheikh Tamim bin Hamad Al Thani for his leadership in Qatar’s ongoing development.
Key agenda items included the approval of the Board of Directors’ report and financial statements for the year ending December 31, 2024. They also discussed strategic plans for future growth. The assembly also discharged the board from liability, approved their remuneration, and appointed the external auditor for 2025.
Al Meera reported consolidated sales of QR2.81 billion for 2024. Furthermore, gross profits rose 2.1% to QR560.3 million. Rental revenues from retail outlets totaled QR79 million. These contributed to a net profit of QR183.4 million and earnings per share of QR0.89.
Board elections were held for the 2025–2027 term. Qatar Holding’s representatives appointed by Qatar Investment Authority are H.E. Essa Hilal Al Kuwari (Chairman) and Mubarak Abdulaziz Al Khulaifi (Member). Elected members include Prof. Khalid Ibrahim M.B. Al-Sulaiti, Khalid Hamed A.M. Al-Hababi, White Rock Trading & Contracting (represented by Sheikh Fahad Falah J.J. Al-Thani), Fakhroo Holding Company, and Tariq Abdullatif H.M. Al-Jaber.
Al Meera emphasized its 2024 milestones. These included opening the new Ain Khaled/Umm Al Seneem branch and launching the region’s first smart self-service store, “Al Meera Smart.” The company also introduced smart shopping carts. They continued integrating SAP systems to enhance inventory and business management.
Looking ahead, Al Meera confirmed its commitment to physical and digital expansion. This includes new branch openings in Mansoura and Al Thumama South. They will also develop the Meera Rewards app and extend their online delivery service across more regions in Qatar.
The company reaffirmed its mission. They aim to deliver high-quality, affordable products to communities while maintaining its position as “Your Favorite Neighborhood Retailer.”
