The MEEZA company today successfully listed its shares on the Qatar Stock Exchange’s (QSE) main market, raising QSE’s listed companies to 51.
The offering of MEEZA shares was conducted through the ‘Book Building’ mechanism, which was used for the first time in Qatar. This mechanism is used in many global and regional markets to determine the share offering price by relying on qualified investors who have sufficient experience and knowledge and the necessary mechanisms for fair pricing of the security.
QSE Acting Chief Executive Officer Abdulaziz Nasser Al Emadi expressed his pleasure at the listing of Meeza, congratulating its management on the successful listing. He pointed out that the successful listing of Meeza marks a significant milestone in QSE’s continuous efforts to expand the scope of its listing companies.
He pointed out that Meeza’s expertise in the technology sector makes it a valuable addition to our diverse portfolio of listed companies. He indicated that the inclusion of Meeza in QSE listing companies will undoubtedly contribute to the diversification of investment choices and the deepening of the market’s strength.
The shares of MEEZA were listed with the symbol “MEZA” in QSE main market under the consumer goods and services sector. The offering price has been set at QR 2.17, consisting of a nominal value of QR 1.00 and an issuance premium of QR 1.16, along with a listing fee of QR 0.01 per share, based on the documents submitted by the company.
On the first day of listing, the company’s share price was floated. However, as of the second day, price limits will be set at a fluctuation range of 10 percent upwards and downwards, in line with other listed companies in the market. The opening price started at QR 2.22, and the closing price settled at QR 2.30. The highest price it reached during the trading session was QR 2.535, while the lowest price touched was QR 2.22.
MEEZA is an established end-to-end Managed IT Services and Solutions provider based in Qatar that aims to accelerate the growth of the country and the region through the provision of world-class services and solutions. MEEZA’s offerings include Managed IT Services, Data Centre Services, Cloud Services, and IT Security Services, in addition to expertise in Smart Cities Solutions and Artificial Intelligence.
The company has Five Tier III certified Data Centers, known as M-VAULTs offering a guaranteed uptime of 99.98 percent built to comply with the most exacting international standards enabling businesses to benefit from greater efficiencies and reduce risks. MEEZA simplifies IT operations, enhances efficiency, and supports the digital transformation journey for government entities and businesses in Qatar.
Source: Qatar News Agency