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Meera, Tekzen ink MoU for non-food products

Meera, Tekzen ink MoU for non-food products
Al Meera aims at increasing its non-food offerings to the Qatari market
Al Meera
MERS
-0.07% 14.78 -0.01

Mubasher: Al Meera Consumer Goods Company on Sunday announced signing a memorandum of understanding (MoU) with a Turkish Corporation, Tekzen, to import non-food products.

Al Meera aims at increasing its non-food offerings to the Qatari market, according to a filing to the Qatar Stock Exchange (QSE).

Earlier in September, the Qatar-based company revealed that it has inked a contract with Qatar Rail Company to open new stores in the red and green lines in Doha Metro.

It is worth noting that Al Meera’s profits fell 9% to QAR 93.27 million during the first half of 2018, versus QAR 102.36 million in the same period a year earlier.

By the end of Thursday’s session, Al Meera’s stock declined 0.64% at QAR 151.95.