Posted on March 19, 2017

Al Meera Consumer Goods Company (Q.S.C) held its Annual Ordinary General Assembly on Sunday, 19 March 2017 at the La Cigale Hotel Doha, chaired by Dr. Saif Said Al Sowaidi, Vice Chairman of the Board of Directors, in the presence of members of the Board of Directors, shareholders and investors.

All items on the agenda were discussed, such as hearing and approving the Board's Report for the year ended 31 December 2016, along with discussing and approving the Company's future business plans. This also came in line with hearing the External Auditor's Report of the year ended 31 December 2016. The company’s financial statements for the year ended 31 of December 2016 were also discussed.

The Assembly approved the Board of Directors’ proposal on the distribution of cash dividends of 9 Qatari Riyals per share. Moreover, the Board of Directors were discharged from liabilities and the Assembly approved their remuneration for the year ended 31 December 2016. In addition, the General Assembly approved the External Auditors Report for the year ended 31 December 2016, and the adoption of the Company's seventh Governance Report and appointing the external auditor for the year 2017 and determining their fee.

Al Meera holds its Annual Ordinary 2 [].jpg

At the beginning of the Meeting, on behalf of Sheikh Thani Bin Thamer Bin Mohamed Al Thani, Dr. Saif Said Al Sowaidi, Vice Chairman of the Board of Directors, delivered his speech, stating: “Al Meera has witnessed great progress during 2016, along with continued growth, and significant financial results, where the Group’s gross profit and sales increased substantially throughout the year. The year 2016 also bore witness to the significant progress in the Company’s expansion plan to a total number of 42 branches across the State of Qatar.”

He added: “On behalf of the Board of Directors, I would like to express my sincere appreciation and deep gratitude to His Highness Sheikh Tamim Bin Hamad Al Thani, the Emir, for his wise vision, leadership, support and guidance aimed at raising the level of the local economy and financial institutions, which supports the development of Qatar. I would also extend my gratitude to His Highness the Father Emir Sheikh Hamad bin Khalifa al-Thani, who built the solid foundation upon which the nation is being constructed and developed, and to His Excellency Sheikh Abdullah Bin Nasser Bin Khalifa Al Thani, Prime Minister and Minister of Interior, for his continuous support and guidance, as well as to our shareholders for their great commitment and support.”