In the presence of His Excellency Sheikh Hamad bin Abdullah bin Jassim Al Thani, Chairman of the Board of Directors of Meeza Company and a number of senior guests, investors and interested parties, the shares of Meeza Company were listed today for trading in the main market of the Qatar Stock Exchange, bringing the number of companies listed in it to 51 companies.
MEEZA shares were offered through the “book building” mechanism that is used for the first time on the Qatar Stock Exchange, 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 and knowledge and the necessary mechanisms for pricing. Equity of the stock.
On this occasion, Mr. Abdulaziz Nasser Al-Emadi, Acting CEO of Qatar Stock Exchange, welcomed the listing of MEEZA as a leading technology company, and congratulated the company's management on the successful listing. He said that the company's listing represents a significant milestone in the stock exchange's ongoing efforts to expand its range of listed companies.
Mr. Al-Emadi said that MEEZA's experience in the technology sector makes it a valuable addition to our diversified portfolio of listed companies, and its listing reinforces the Bourse's commitment to providing various investment opportunities for investors.
He pointed out that the listing of MEEZA represents a new stage of diversifying the mechanisms of listing companies on the Qatar Stock Exchange, as the shares of this company were offered for the first time in the market through the "price construction" mechanism, which is a mechanism used in global markets and many markets in the region.
MEEZA shares were listed with the symbol “MEZA” on the main market of the Qatar Stock Exchange in the services and consumer goods sector. The offering price was set at QR 2.17, consisting of a nominal value of QR 1, an issue premium of QR 1.16, and offering and listing fees of QR 0.01. per share based on the documents submitted by the company.
The company's share price was floating on the first day of listing (no price limits), while the price limits will fluctuate by 10%, up and down, as of the second day, as is the case with other companies listed in the market. The price opened at 2.22 Qatari riyals and the closing price was 2.30 Qatari riyals. The highest price during the trading session was 2.535 Qatari riyals, and the lowest price was 2.22 Qatari riyals.
MEEZA provides a full range of managed IT services and technology solutions, 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 information technology services and solutions. MEEZA provides managed information technology 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 third-level certified 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, which enables 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.