Doha: Al Meera Consumer Goods Company has announced a significant move as its Board of Directors approved the transfer of 85,759,398 shares owned by Al Meera in Baladna to Al Meera's investment portfolio managed by Al Rayan Investment. This transfer is an in-kind transaction, allowing for the allocation of investment units in Al Meera's name equivalent to the value of the transferred shares. The specific value of the shares and the corresponding number of investment units will be determined on the transaction execution date.

According to Qatar News Agency, this decision is part of Al Meera's strategic plan to restructure and manage its investments more effectively. The move aims to enhance the efficiency and flexibility of the company's investment portfolio management. The completion of this transfer is contingent upon obtaining the necessary regulatory approvals and procedures.