Overview

INCORPORATION AND ACTIVITIES

On July 13, 2004, the Law No. (24) for 2004 was issued in order to transfer the former Consumers Cooperative Societies to Qatari Shareholding Company with a capital of QR 100,000,000, Al-Meera Consumer Goods Company (the “Company”), which is governed by the Qatar Commercial Companies Law No. 5 of 2002. The Company was registered under Article 68 of Commercial Companies Law with commercial registration number 29969 on March 2, 2005. The Company’s registered office address is at P.O. Box 3371 Doha, State of Qatar.

On October 8, 2012, the shareholders approved the increase in share capital to 20,000,000 shares with nominal value of QR. 10 per share. The 10,000,000 shares were issued at QR. 95 per share and subscription was closed on February 10, 2013.

The Company and its subsidiaries (together “the Group”) are mainly involved in wholesale and retail trading of various types of consumer goods commodities, owning and managing consumer outlets, and trading in foodstuff and consumer goods.

The Company is listed on the Qatar Exchange. The Government of the State of Qatar owns 26% of the Company’s shares.

The Group’s subsidiaries and associates are as follows:

Entity Name

Country of incorporation

Relationship

Ultimate ownership interest

2015

2014

Al Meera Holding Company L.L.C.

Qatar

Subsidiary

100%

100%

Al Meera Supermarkets Company S.P.C.

Qatar

Subsidiary

100%

100%

Al Meera Development Company L.L.C.

Qatar

Subsidiary

100%

100%

Qatar Markets Company W.L.L.

Qatar

Subsidiary

100%

100%

Alge Retail Corporation Sarl

Switzerland

Subsidiary

51%

51%

Al Meera Oman S.A.O.C

Oman

Subsidiary

70%

70%

Al Meera Markets S.A.O.C

Oman

Subsidiary

70%

70%

Al Meera Bookstore S.P.C

Qatar

Subsidiary

100%

100%

Al Oumara Bakeries Company W.L.L.

Qatar

Associate/Subsidiary

51%

100%

Aramex Logistics Services Company L.L.C.

Qatar

Associate

51%

51%

Al Meera Holding Company L.L.C. (“Al Meera Holding”) is a limited liability company, incorporated in the State of Qatar. The Company is a holding company for holding the Group’s investments and managing its subsidiaries, owning patents, trademarks and real estate needed to carry out its activities.

Al Meera Supermarkets Company S.P.C (“Al Meera Supermarkets”) is a single person company incorporated in the State of Qatar. The Company is engaged in the establishment and management of business enterprise and investing therein, owning shares, moveable and immovable properties necessary to carry out its activities.

Al Meera Development Company L.L.C. (“Al Meera Development”) is a limited liability company, incorporated in the State of Qatar. The Company is engaged in establishment and management of business enterprise and investing therein, owning patents, trade-works and real estate needed to carry out its activities.

Qatar Markets Company W.L.L. (“Qatar Markets”) is a limited liability company, incorporated in the State of Qatar. The Company is engaged in the sale of food stuff, household items and garments.

Al Oumara Bakeries Company W.L.L. (“Al Oumara Bakeries”) is a limited liability company, incorporated inthe State of Qatar. The Company is engaged in manufacture and sale of bakery products (Note 15).

Alge Retail Corporation Sarl (“Alge Corporation”) is a limited liability company incorporated in Switzerland. The Company is engaged in development of retail business in Tunisia, Libya, Egypt and Jordan. As at the reporting date, this company has not commenced its operations.

Al Meera Oman S.A.O.C (“Al Meera Oman”) is a limited liability company incorporated in Sultanate of Oman. The Company is engaged in the construction and management of shopping centers and related facilities. As at the reporting date, this company has not commenced its operations. The financial information of the subsidiary is disclosed in Note 29.

Al Meera Markets S.A.O.C (“Al Meera Market”) is a limited liability company incorporated in Sultanate of Oman. The Company is engaged in the establishment and operation of shopping centers, supermarkets, and hypermarkets. The financial information of the subsidiary is disclosed in Note 29.

Al Meera Bookstore S.P.C (“Al Meera Bookstore”) is a single person company incorporated in the State of Qatar. The Company is engaged in the sale of stationery, computer accessories, books and toys.

Aramex Logistics Services Company L.L.C. is a limited liability company incorporated in State of Qatar. The Company is engaged in the warehousing and delivery truck services.