By Neil Halligan
Al Meera’s profit grew by 95.8 percent in 12 months
Qatari retail chain, Al Meera, is on track to open all of its eight new malls by the end of this year.
The company announced the update at the launch of its new branch in Legtaifiya. The eight new malls will be located in Al Wakra, Al Thumama, Al Wajba, Muaither, Al Azizia, Zakhira and Al Muraikh.
The first of the eight to open will be the Jeryan Nejaima branch mall.
In addition to the eight malls, the retailer said it will also open a new store in the Gulf Mall.
The new Legtaifiya Mall consists of one ground floor of 3,125 square metres, comprising Al Meera supermarket, restaurants, shops, a pharmacy, as well as a shop for telecommunication services. The mall also has parking lots, extended on an area about 5,000 square metres.
Al Meera's profits for the first half of this year has grown intensely, as net profit grew by 95.8 percent, from QR57.6 million ($15.5 million) to QR112.8 million ($30.9 million), compared to the same period in 2013.