01 June 2016
Doha - Qatar - In its second edition, Qatar Today Business Excellence Awards (QTBEA) brought together the top businessmen and dignitaries in the country to celebrate the resilience of Qatar's economy, honoring Dr. Mohammed Nasser Al Qahtani, DCEO of Al Meera consumer goods company (Q.S.C) as the businessman of the year.

Dr. Al-Qahtani deserved this recognition, as a prominent Qatari Businessman, following the astonishing financial results and significant profits made by Al Meera, and  the opening of several new branches as well as the renewal and revamping of existing ones, not to forget reaching new heights on the Qatar stock exchange.

Among the most prominent achievements since Dr. Al-Qahtani joined Al Meera in 2011 is the great expansion with a leap growth in sales that same year that has exceeded by one billion QR . That same year, Al Meera acquired Qatar Markets Company W.L.L.'s (Giant Stores) and Al Oumara Bakery, which provided five new sale outlets in different areas totaling 15,000 square meters. These acquired businesses contributed 208 million QR and 10.3 million QR in sales and net profit respectively, and this had a positive impact on the company's share, which maintained its value on the Qatar stock exchange.

Moreover, Al Meera continued in 2012  its steady growth in addition to the buying of 5 stores in oman with the its Omani partner, National Investment fund Company (NIFCO), reaching a total of 29 branches in Qatar and 5 other in Oman. Additionally, during this year, Al Meera bought the franchise right to WHsmith, which was set for inauguration at the Ezdan mall, Nuaija Mall and Hyatt plaza.

The year of 2013 was recognized by the opening of two new state of the art neighbourhood malls in Nuaija and Legtaifiya. In addition, Al Meera brought easy shopping to the communities in Beverly Hills 3 and Barwa Messaimeer. Al Meera took its chain of operations a step further that year by bringing the first Géant Hypermarket to Qatar as a result of transforming its Giant Stores at the Hyatt plaza, and turning it into a renowned international name. By the end of the 2013 financial year, group sales were up by 29.4% to 1.946 billion QR

While in 2014, Al Meera completed the construction of the 9 new, modern community shopping malls in Qatar, while also revamping and renovating it's already existing stores.

Not to forget, in 2015, the company opened 10 branches new branches that were equipped with state-of-the-art elements.

Currently, Al Meera is working on following up on its plan to establish 14 new branches in various regions of the country, as it has already started the works at five shopping centers last year in each of North Sailiya (Al Miarad), Leabaib 2, Al Wakra (West), Umm Salal Ali, and Bu Sidra, which are expected to be delivered within the next three months. In addition, The Company had recently awarded contracts to Al Khayarin Group Contracting and Trading and Al Muftah Contracting Company, to build six new stores in the coming period with a total contract value of QR 238,730,146. The company also signed a Memorandum of Understanding (MOU) for the operation and management of two shopping centers, in Fox Hills North and North Residential Villas districts in Lusail City.

Furthermore, Al Meera's expansion plans also include the opening of new branches to serve students at Qatar Foundation for Education, Science and Community Development, where contracts were recently signed for the operation of two spaces at student housings (around 80 square meters each), and a space at the Students Center in Education City (approximately 150 square meters).

Dr. Mohammed Al-Qahtani business man of the year, has been responsible for elevating Al Meera, making it one of the fastest growing companies in Qatar. Dr Al-Qahtani did this through the implementation of the state's economic and social strategies inspired by the QNV 2030 by building a strategic expansion plan in Qatar during the previous few years. Through these developments he established Al Meera as "Your Favourite Neighbourhood Retailer", a chain that abides by the highest international standards not only meeting the consumer requirements but also gaining their complete satisfaction.

Dr. Al-Qahtani is currently Al Meera's Deputy CEO, previously elected as Dalala Holding's chairman, with a bachelor's degree in law from Oman. He joined the oil and gas sector for 10 year by joining Qatar Gas, where he also got his masters in commercial law from the university new castle In the UK graduating with honors. He went on to receive a scholarship from the ministry of education for his PHD in international commercial law from Durham University, and returned back to joining the commercial sector being with Al Meera Consumer Goods Company, and a board member at Widam Food.

© Press Release 2016