Qatar’s Al Meera acquires Giant Stores
Al Meera announced four months ago that it was in talks to take over Giant Stores‘ four locations in Qatar. The company said on Sunday it had finalized the $96 million deal, which includes Al Oumara Baking Company.
Expect a rebranding of Giant Stores in the coming months. Al Meera has also said it plans to open two shopping complexes in Doha – one in Al Mansoura, the other in Ain Khaled – as part of the company’s aims to expand into the hypermarket arena.