The Qatar Stock Exchange has announced the date for listing the shares of MEEZA QSTP - LLC (Public) in the main market of the Qatar Stock Exchange, as of Wednesday, August 23, 2023, after completing all technical, organizational and administrative procedures and obtaining the approval of the Qatar Authority. The financial markets approved the listing, and the stock exchange’s board of directors agreed to accept trading of the company’s shares, bringing the number of companies listed on the main market of the Qatar Stock Exchange to 51 companies.
All MEEZA shares amounting to 648,980,000 shares, which represent 100% of the total capital of the company, will be listed, noting that 324,490,000 million shares were offered for subscription, representing 50% of the total capital of the company, distributed as follows: 121,393,000 shares for qualified investors who participated in the price construction process, what represents 18.71% of the company's capital and 203,097,000 shares for Qatari investors from individuals and companies, representing 31.29% of the company's capital. The founders will retain the remaining 324,490,000 shares, which represents 50% of the company's total capital.
It is worth noting that the offering of MEEZA shares was through the “book building” mechanism that is used for the first time in the State of Qatar, and it is a mechanism used in global markets and many markets in the region to determine the offering price for shares by relying on qualified investors who have sufficient experience, knowledge and mechanisms necessary for the fair pricing of the security.
On this occasion, Mr. Abdulaziz Nasser Al-Emadi, Acting CEO of the Qatar Stock Exchange, expressed his welcome to the listing of the shares of the "Meeza" company for trading in the market through the "Book Building" mechanism that is used for the first time on the Qatar Stock Exchange, keeping pace with the procedure followed in many international and international markets. Region.
MEEZA shares will be listed with the symbol “MEZA” on the main market of the Qatar Stock Exchange in the services and consumer goods sector. The offering price has been set at 2.17 Qatari riyals, consisting of a nominal value of 1 Qatari riyal, an issue premium of 1.16 Qatari riyals, and offering and listing fees of 0.01 Qatari riyals for each. Shares based on the documents submitted by the company, and the company's share price will be floating on the first day of listing, while starting from the second day, the price will fluctuate by 10% up and down, as is the case with other companies listed in the market.
It should also be noted that there will be no change in the trading session date for the day of listing, and the pre-opening time will remain as usual at 9:00 am.
The company's shareholder data will be available to brokerage firms as of Sunday, August 20, 2023, in preparation for trading their shares, so that shareholders and investors can, as of that date, review brokerage firms directly to deliver buy or sell orders.
It is noteworthy that MEEZA provides an integrated set of managed information technology services and technological solutions, and is headquartered in the State of Qatar. The company is looking forward to advancing development in the country and the region by providing world-class managed IT services and solutions. MEEZA provides managed IT services and solutions, in addition to data center services, information systems security services and cloud services, in addition to extensive experience in the field of smart cities and their applications. and artificial intelligence. The company owns five certified Level 3 data centers, which are globally classified and have an availability of up to 99.98%, and are designed to comply with the most stringent international standards, enabling companies to benefit from greater efficiencies and reduce risks. It also manages information technology operations, enhances efficiency and supports the digital transformation of government agencies and the market. business in the State of Qatar.