Azerbaijan, Baku, June 25 / Trend /
ADA Group which announced year 2009" Year of Business Quality" is focused on opening new Almali super markets in the regions, ADA Group said.
"Under the business plan, new markets will be opened mainly in the regions," the company said in a statement.
Work on opening the third Almali store in the city of Ganja is nearing completion. All equipment necessary for the store have already been purchased. The new store is located on Adil Isgandarov Street.
At present, there are two Almali stores in Ganja.
Two new Almali supermarkets that will be opened in Baku soon will be located at 85 Huseinzade St, Nasimi district and 5 Sani Akhundov St.in the 7th district in Binagadi. New stores are planned to become operational by early autumn. By the end of the year, the number of Almali supermarkets will reach 48.
ADA Group of Companies was founded in 2005. The first Almali supermarket was opened in 2006. Almali continues to introduce standards for the modern retail trade in the country. Almali possesses the most modern distribution center in the region, the company said. The presence of a single distribution center which provides necessary temperature and appropriate conditions for storage of different products allows to save quality.
Supermarkets Almali offer their services to customers under the motto "Five Stars from Almali." These stars are: high quality, affordable price, sincere service, wide range and the opportunity to return the purchased goods.
Given prospects of the project on development of Almali trading networks (brand ADA Group), Black Sea Trade and Development Bank provided loan worth $9 million in 2009. Currently, the contract on mortgage of property under a loan has been submitted for the state registration to the relevant authorities of the Krasnodar Territory of Russia. Owned property on the Black Sea coast of Russia serves as security for the loan. The property is estimates at $10 million by Baker & Tilly. This transaction is the first in the history of BSTDB as security for the loan is located outside the borrower country.
ADA Group Board of Directors decided on 21 May to attract additional $6 million from a shareholder group of the International Finance Corporation in the second half of 2009. These funds will be directed solely to the replacement of expensive loans of local banks and will increase business profitability.