Al Meera AGM approves cash dividend of QR0.85 per share for 2024

Doha, Qatar: Al Meera Consumer Goods Company convened its Annual General Assembly Meeting for the fiscal year 2024 this Monday, corresponding to 14 Ap...

Doha, Qatar: Al Meera Consumer Goods Company convened its Annual General Assembly Meeting for the fiscal year 2024 this Monday, corresponding to 14 April, at Radisson Blu Hotel. The meeting was held with the esteemed presence of members of the Board, Al Meera management, and a significant number of shareholders.

At the commencement of the assembly, Jassim Al Surour, Director of Administrative Affairs and Human Resources, extended a warm welcome to all attendees. He conveyed his sincere gratitude and profound appreciation to Amir H H Sheikh Tamim bin Hamad Al Thani for his visionary guidance and unwavering leadership, which have been instrumental in the continued growth and development of the State of Qatar.

The assembly included reviewing and approving the Board of Directors’ report and the company’s financial statements for the fiscal year ending December 31, 2024. The company’s future strategic plans were also approved. Shareholders granted approval to discharge the Board of Directors from liability and determined their remuneration for the same fiscal year.

Furthermore, the assembly ratified the Board’s recommendation for cash dividends of QR0.85 per share. The external auditor’s report for 2024 was approved, and the external auditor for the fiscal year 2025 was appointed, with their fees duly determined.

Highlighting the company’s strong financial performance in 2024, consolidated sales reached QR2.81bn, and total gross profits increased by 2.1% to QR560.3m compared to the previous year. Revenues from outlet rentals amounted to QR79m, resulting in a net profit attributable to shareholders of QR183.4m, equating to earnings per share of QR0.89.