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FINANCIAL NEWS
Qatar- Al Meera Holding to buy assets in Oman’s Safeer Store
23 Nov 2012
(MENAFN) Qatar’s Al Meera Holding stated that it has inked an agreement to acquire assets in Omani Safeer Store, reported Arabian Business.
According to a Qatar stock exchange statement, the company, which is a subsidiary of Al Meera Consumer Goods Company, and Al Meera Development Company signed a sale and purchase deal to acquire the assets.
Al Meera and the National Investment Funds Company (NIFCO) were in the process of integrating 2 subsidiary firms in the Sultanate to run the new businesses.
Under the terms of the deal, AL Meera Holding will have a 69-percent stake in Al Meera Oman and Al Meera Markets, whereas NIFCO will control a 30 percent stake and the remaining 1 percent will go to Al Meera Development.
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