Meeza QSTP - LLC will offer its shares for subscription, starting from the sixth to the nineteenth of next June

MEEZA, which specializes in managed information technology services and data center services in the State of Qatar, announced that it has obtained the approval of the Qatar Financial Markets Authority and the Qatar Stock Exchange to offer 324.490 million fully paid ordinary shares through an initial offering of shares starting from the sixth to the nineteenth of next June, provided that the initial offering will be followed by the listing of all the company's shares in the main market of the Qatar Stock Exchange during next July.
The company stated, in a statement today, that the aforementioned shares will be offered at a price of 2.17 Qatari riyals for each share of the offering shares, as the offering price includes the nominal value of 1.00 Qatari riyals per share, a premium of 1.16 Qatari riyals, and the offering and listing fees of 0.01 Qatari riyals. per share.
It is noteworthy that the company has allocated about 37.4 percent of the offering shares, or approximately 121.4 million shares, to qualified investors through the price construction process, while it will offer about 62.6 percent of the offering shares, amounting to about 203 million shares, to individual investors and Qatari institutions.
Qatar Foundation for Education, Science and Community Development, according to the offering data, will hold at least 40 percent of Meeza's capital, while Irid will own at least 10 percent of the company's capital.

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