Search Site

Trends banner

TSMC’s H1 revenue up 40 percent

Robust demand for AI technology behind the surge.

‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Meeza, QNBFS sign agreement

MEEZA provides fully integrated, end-to-end IT services in Qatar. (QNA)
  • The liquidity provision service is expected to start on September 7, 2023, according to a statement published on the QSE
  • Meeza, a Qatar-based venture, is helping speed up Qatar's growth through the provision of top-notch IT services and solutions

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.