Doha, Qatar–MEEZA has signed a liquidity provision agreement with Qatar National Bank Financial Services (QNBFS) for its listed shares on the Qatar Stock Exchange.
In a statement published on the Qatar Stock Exchange website, the liquidity provision service is expected to begin on Thursday, Sep. 7, 2023.
MEEZA listed its shares on the Qatar Stock Exchange (QSE) on Aug. 23 through the ‘book building’ mechanism used for the first time.
This mechanism determines 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.
The shares of Meeza are listed with the symbol “MEZA” in the QSE main market under the consumer goods and services sector, with the offering price set at QR2.17, consisting of a nominal value of QR1 and an issuance premium of QR1.16, along with a listing fee of QR0.01 per share, based on the documents submitted by the company.
All 648.89 million shares of Meeza will be listed, representing 100 percent of the total capital of the company. As many as 324.49 million shares were offered for subscription, representing 50 percent of the total capital.
As many as 121.39 million shares were offered for qualified investors who participated in the book-building process, representing 18.71 percent of the capital, and 203.1 million shares for Qatari individual and corporate investors, representing 31.29 percent of the company’s capital.
The founders will retain the remaining percentage of the shares, which amounts to 324.49 million shares, representing 50 percent of the total capital of the company.
MEEZA, a Qatar-based venture, is an established end-to-end Managed IT services and solutions provider that also provides data center services, information systems security services, and cloud services, in addition to extensive experience in the field of smart cities, their applications, and artificial intelligence.
MEEZA is helping accelerate the growth of Qatar and the region through the provision of world-class Managed IT Services and Solutions.
It owns five globally rated, third-level accredited data centers designed to comply with the most stringent international standards, enabling companies to benefit from risk-reducing efficiencies.
It also manages IT operations, enhances efficiency, and supports the digital transformation of government agencies and the business market in Qatar.