MEEZA, the leading managed IT and data center service provider in Qatar, has successfully listed its shares on Qatar Stock Exchange's (QSE) main market on August 23, 2023, in the presence of a group of distinguished guests, MEEZA top management, representatives from regulatory and supervisory authorities, investors and other stakeholders.
The bell rang at 9:30 am to mark the commencement of MEEZA’s shares trading on the Qatar Stock Exchange.
The company was listed with the ticker MEZA with the ISIN code QA000PK2KD10 following a successful subscription for its shares through Initial Public Offer (IPO). MEEZA targets a share capital of QAR 648,980,000, comprising 648,980,000 shares with a nominal value of QAR 1.00 per share.
The first day of trading in MEEZA stock closed at a price of 2.30 Qatari Riyals, representing a market capitalization of 1.49 billion Qatari Riyals.
From the first day of trading, eligible investors for trading in the shares include all Qatari and non-Qatari investors permitted to trade in the shares in accordance with the Qatar Stock Exchange Rulebook, the Qatar Financial Market Authority Listing Rules, and the Qatar Central Bank regulations.
Commenting on the successful listing, Sheikh Hamad bin Abdullah Al Thani, MEEZA Chairman, said:
“Today marks a significant milestone in the MEEZA transformation journey as the company’s shares were successfully listed for trading on the Main Market of Qatar Stock Exchange. This unprecedented step in the managed end-to-end IT services sector will give the investment community a promising investment option to grow their wealth and contribute to Qatar’s digital economy industry. I also take this opportunity to express our sincere appreciation to all the regulatory and supervisory authorities for their cooperation that culminated in this achievement, which will enhance MEEZA’s exceptional track record.”
Eng. Ahmad Abdulla Al-Muslemani, MEEZA Chief Executive Officer, said:
“I am elated today to see MEEZA successfully listed on the Qatar Stock Exchange main market. This milestone will provide a great opportunity for us to bolster the Company’s already strong capital by increasing its shareholder base, which will support its ambitious growth and development targets. MEEZA’s transformation to a publicly listed company provides an opportunity for the investors to take part in the Company’s journey and achievements, as it looks to continue its strong financial performance and revenue growth.”
MEEZA, a Qatar Foundation joint venture, is an established end-to-end Managed IT services and solutions provider based in Qatar with the mission of becoming the leading provider in the Middle East and North Africa. MEEZA is helping accelerate the growth of Qatar and the region through the provision of world-class Managed IT Services and Solutions.
