Doha, September 08 (QNA) - Al Meera Consumer Goods Company announces that its Board of Directors issued a resolution to transfer, by way of an in-kind transfer (85,759,398) shares owned by Al Meera in Baladna to Al Meera's investment portfolio maintained with Al Rayan Investment in consideration for the allocation of investment units in Al Meera's name equivalent to the value of the transferred shares, the value of the shares and the corresponding number of investment units will be determined on the transaction execution date.

The decision comes as part of the restructuring and management of the company's investments, with a view to enhancing the efficiency and flexibility of its investment portfolio management.

The transfer is subject to completion of the necessary regulatory approvals and procedures. (QNA)