Doha-Mubasher: Mohammed Nasser Al-Qahtani, CEO of Al Meera Consumer Goods Co, announced in a bourse filing that the company’s sales rose 11.8% to QAR 2.2 billion ($603.6 million) in the fiscal year (FY) 2014.

Regarding the expansion plans, Al Qahtani noted that the past year has witnessed the completion of nine shopping malls, in addition to a rental branch ready to open at Gulf Mall. 

The projects aim to meet the different and daily needs of Qatar's residents wherever they are, Al Qahtani added.

He went on to say that there are fourteen additional new malls currently under construction in Qatar.

The company reported a growth it its profit by 15.6% to QAR 226.6 million ($62.2 million) in FY14, compared to QAR 196.1 million ($53.8 million) in FY13.

It is worth mentioning that Al Meera’s capital amounts to QAR 200 million, distributed on QAR 20 million at QAR 10 par value.