Qatar’s IT service provider MEEZA gets IPO approval from QFMA & QSE

By Arya M Nair, Official Reporter
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MEEZA QSTP, the leading managed IT and data center service provider in the State of Qatar, has obtained the required regulatory approvals of the Qatar Financial Market Authority (QFMA) and the Qatar Stock Exchange (QSE) to offer 324,490,000 ordinary fully paid-up shares by way of initial public offering (IPO) followed by a listing of all of the Company’s Shares on the QSEMM.

Investors interested in the shares are advised to consult the Offering Prospectus, which has been approved by the QFMA. The prospectus can be accessed on MEEZA’s website. Meeza possesses several key investment highlights that position it for success and value creation in the ICT industry.

MEEZA is well-positioned to capitalize on this trend, given the ongoing digitalization efforts by enterprises and governments, the adoption of cloud services and streaming platforms, and the use of big data for analytics and artificial intelligence. The company holds approximately 50 percent of Qatar’s data center market share, operating five state-of-the-art data centers with a total capacity of 24.4MW, with plans to expand by approximately 19.5MW over the next 2 to 3 years.

The company provides fully integrated, end-to-end IT services in Qatar. Its offerings include data center and colocation services, managed services, solution services, and cloud services. MEEZA stands out as the sole IT services provider in Qatar that seamlessly integrates its five M-Vault data centers with its IT services portfolio, enabling tailored end-to-end solutions.

MEEZA’s client base consists primarily of strategic sovereign entities, international hyper-scalers, and large corporates operating in Qatar. The company enjoys long-term contracts, some extending up to 15 years, resulting in recurring revenue streams and high visibility on cash flows. This customer base also presents opportunities for cross-selling new managed services and ancillary IT services.

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