DOHA: Al Meera Holding Company LLC has signed an agreement to purchase the business and assets of Safeer stores in Oman. The deal covers the purchase of businesses and assets of hypermarkets and supermarkets under the trading or brand name of “Safeer” carried on by the Safeer.
AL Meera Holding LLC and Al Meera Development LLC incorporated two subsidiary companies in the Sultanate of Oman, namely Al Meera Oman SAOC and Al Meera Markets SAOC, to manage the business acquired in Oman.
“Further to the sale and purchase agreement of the five Safeer Stores in Oman we are pleased to advise that on the close of business hours on 31st January 2013, the seller has handed over the business and moveable assets along with the inventories to the buyer”, Al Meera noted in a Qatar Exchange filing yesterday.
Athaiba (Safeer United LLC), Al Khuwair (Safeer Middle East LLC), Barka and Sohar (Safeer Center International LLC), Al Falaj (Safeer Arabian International LLC) are the shops that would be controlled by Al Meera.The Peninsula
