Posted on May 06, 2016
Al Meera Consumer Goods Company announced today that it has decided to terminate the process of negotiation with Spinneys Qatar.
 
Al Meera Holding Company, a subsidiary of Al Meera Consumer Goods Company and owned by it, had announced it intends to acquire Spinneys Qatar for a consideration of 30.0 million US$ less payment of the liabilities towards related parties and financial institutions. Established in 2005, Al Meera Consumer Goods Company was a natural evolution of the co-operatives that were established in the last thirty years in order to serve the varying needs of the Qatari society.

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