Category: News and Press Releases

MEEZA QSTP-LLC (Public) (“MEEZA” or “the Company”) announced its financial results for the first six months ended 30 June 2025.

Financial Summary

The Company achieved total revenue of QR 188.6 million, increasing 5.1% (or QR 9.2 million) year-on-year due to higher data centre and solutions revenue.  Data Center revenue increased by 7.2% (or QR 5.2 million) year on year, reflecting the strategy to continue to expand this high-margin segment.

MEEZA’s Net Profit reached QR 28.7 million in the first half with Earnings Per Share (EPS) of QR 0.044 and a Net Profit Margin of 15.2%.

Compared to Q1 2025, total revenue in Q2 2025 increased by 19.9% to reach QR 102.8 million, while Net Profit in the same period increased by 18.5% to reach QR 15.5 million.

Excluding a material one-off benefit to cost of sales in last year’s financial results, Net Profit for the first six months increased by 22.0% (or QR 5.2m), with Net Profit margin expanding 2.1pp after removing this exceptional item.

Operational Progress

As part of its ongoing expansion efforts, MEEZA has achieved approximately 75% completion of the M-Vault 4 data center expansion project, with a capacity of 4 megawatts. The facility is scheduled to launch in the first half of 2026. MEEZA’s existing data centers are currently

operating at 97% capacity utilization, underscoring the strong demand for MEEZA’s premium digital infrastructure services.

MEEZA QSTP-LLC (Public) (“MEEZA” or “the Company”) announced its financial results for the first quarter ended 31 March 2025.

Financial Summary

MEEZA’s Net Profit reached QR 13.1 million in the first quarter, representing a 12.5% (or QR 1.5 million) increase over the same period last year, with Earnings Per Share (EPS) of QR 0.02.  Net Profit Margin for the period improved by 1.4 percentage points to 15.3%, driven by higher data center utilization and an increasingly rationalized cost base.

The Company achieved total revenue of QR 85.8 million, increasing 1.9% (or QR 1.6 million) year-on-year. Higher data center utilization and cost optimization led to a 2.4% increase in the Company’s gross profit versus last year, reaching QR 26.8 million, while EBITDA was consistent at QR 27.3 million for the period.

MEEZA maintained a healthy financial position with a cash balance of QR 233.8 million, in addition to QR 1.6 billion in future committed contract value.

MEEZA, Qatar’s leading Managed IT Services and Solutions provider, is proud to announce that it has successfully achieved two additional prestigious international certifications: ISO 27701:2019 Privacy Information Management Systems (PIMS) and ISO 27017:2015 Cloud Security Controls. These certifications reaffirm MEEZA’s continuous commitment to upholding the highest standards of data privacy, information security, and Cloud Security for its clients and partners.

ISO 27701:2019 serves as an extension to the ISO 27001 standard, providing a framework for organizations to establish, implement, maintain, and continually improve their Privacy Information Management Systems (PIMS). This certification demonstrates MEEZA’s robust privacy governance and risk management processes, particularly in managing Personally Identifiable Information (PII). It further ensures compliance with global privacy regulations such as the General Data Protection Regulation (GDPR), offering clients the assurance that their data is protected with the strictest privacy standards.

Additionally, MEEZA obtained the ISO 27017:2015 certification, which provides enhanced Cloud-specific controls based on ISO/IEC 27002. This standard addresses the unique risks and challenges associated with Cloud environments, ensuring that MEEZA’s Cloud Services and infrastructure adhere to globally recognized security practices.

Both certifications were awarded by SGS, an internationally accredited certification body, further reinforcing the credibility and trustworthiness of MEEZA’s information security and cloud operations.

This achievement represents a significant milestone in MEEZA’s ongoing journey to solidify its position as a trusted partner in the realms of data privacy and cloud security. It underscores the company’s unwavering commitment to delivering secure, dependable, and compliant digital solutions that align with the highest international standards and best practices.

With these new certifications, MEEZA further enhances its portfolio of security credentials, including the existing ISO 27001 certification, and continues to empower organizations across sectors such as government, healthcare, finance, and education in Qatar and beyond with secure and compliant IT and cloud services.

 

MEEZA QSTP-LLC (Public) (“MEEZA” or the “Company”) held its
Ordinary General Assembly Meeting on Tuesday, 4th March 2025 chaired by MEEZA Chairman, Sheikh Hamad Bin Abdulla Bin Jassim Al-Thani.

The outcome of the Ordinary General Assembly Meeting was the approval of all resolutions on the
agenda including the Board of Directors proposal to distribute a cash dividend of 8% of the nominal
share value, i.e. QR 0.08 per share.

The meeting also covered the Board of Director’s report detailing the Company’s activities and its financial position for the financial year ended 31 December 2024.

The shareholders reviewed and endorsed the external auditor’s report on the Company’s Accounts for the financial year ended 31 December 2024 and the external auditor’s reports on the Company’s corporate governance and internal controls over financial reporting. It was also approved unanimously that PwC be re-appointed as the Company’s auditors for the financial year 2025, in addition to approving their fees.

The shareholders approved the consolidated financial statements of the Company for the financial year ended 31 December 2024 and the Corporate Governance Report of the Company for 2024. Moreover, there was unanimous agreement to discharge the members of the Board from all liabilities and approve their remuneration.

Addressing the shareholders, Sheikh Hamad Bin Abdulla Bin Jassim Al-Thani said: “MEEZA has continued to demonstrate resilience and excellence in delivering world-class IT solutions, reinforcing our position as the preferred partner for digital transformation in Qatar and beyond. Winning the Best ICT Service Provider award at the Qatar Digital Business Awards for two consecutive years (2023 & 2024), in addition to the Best Cloud Solution Award of the year 2022, is a testament to our unwavering commitment to innovation and service excellence. Our performance this year reflects the trust and confidence of our valued shareholders and stakeholders.”

He continued: “As we embark on the next phase of our journey, we remain dedicated to expanding our data center capabilities, investing in cutting-edge technology, and driving sustainable growth. We look forward to another year of success, collaboration, and impact as we contribute to Qatar’s vision for a digitally empowered future.”

In line with the company’s Article of Association, Mr. Mohammad Ali Alghaithani, the Chief Executive Officer, has been elected as a Board Member representing the employees.

MEEZA QSTP-LLC (Public) (“MEEZA” or “the Company”) announced its financial results for the year ended 31 December 2024.

Financial Summary

MEEZA’s Net Profit reached QR 60.4 million in FY2024, representing a 0.4% (or QR 0.2 million) increase over the same period last year, with Earnings Per Share (EPS) of QR 0.09.  Net Profit Margin for the period improved by 1.9 percentage points to 16.1% mainly driven by a revenue increase in the higher-margin segments.

The Company achieved total revenue of QR 374.2 million, declining 11.5% (or QR 48.7 million) year-on-year due to a decrease in low-margin Solutions services. Excluding Solutions services, revenue increased by QR 21.1 million or 7.3%, led by growth in the Data Center (8.1%) and Managed Services (11.8%) revenues.

Growth in high-margin revenue segments led to a 3.1% increase in the Company’s gross profit versus last year, reaching QR 118.3 million. EBITDA margin improved by 3.7 percentage points year-on-year to reach 32.9%, resulting in EBITDA for the period of QR 123.2 million.

MEEZA maintained a healthy financial position with a cash balance of QR 278.8 million, in addition to QR 1.6 billion in future committed contract value.

Based on these results, the Board of Directors of MEEZA has proposed a cash dividend of QR 51.9 million (i.e QR 0.08 per share) subject to the approval of the Annual General Assembly.

MEEZA’s current data center utilization stands at 96%. The Company recently announced a 4 Megawatts (MW) data centre capacity expansion as part of its strategic expansion efforts to meet the growing demand for cutting-edge digital infrastructure. Consequently, MEEZA has signed a Murabaha facility with Dukhan Bank for QAR 135 million, in alignment with the Company’s strategic growth objectives.

Commenting on MEEZA’s results, the Chairman of the Board of Directors, Sheikh Hamad Bin Abdulla Bin Jassim Al-Thani, said:

“We are pleased to announce MEEZA’s continued strong performance during 2024. We are excited about the future, where we will begin our next phase of expansion to achieve MEEZA’s vision to enhance its data centre offering and advance its capabilities in the fields of AI, cybersecurity, and high-performance computing, in line with the country’s ambitions under Qatar National Vision 2030 and Digital Agenda 2030.”

Mr. Mohamed Ali Alghaithani, MEEZA Chief Executive Officer, added:

“It was another successful year in MEEZA’s journey toward becoming a leading Data Center and Managed Services business in the Middle East and North Africa. The Company delivered growth in its main segments, driving our profitability margins. We continued our stellar quality of service across our service portfolio in line with the leading industry standards. We look forward to scaling our data centre capabilities to meet the growing demand for AI, high-performance computing, cloud services, and data security solutions in Qatar and beyond, and across various industries including financial services, healthcare, government, and smart cities.”

MEEZA QSTP-LLC (Public), Qatar’s leading Managed IT Services and Data Centres provider, announces an expansion of an additional 4 Megawatts (MW) of data centre capacity as part of its strategic expansion efforts to meet the growing demand for cutting-edge digital infrastructure. This move reinforces MEEZA’s commitment to supporting Qatar’s Digital Transformation and solidifying its position as a key player in the regional ICT landscape.

The new 4 MW capacity will be incorporated into MEEZA’s state-of-the-art network of data centres, designed to deliver unparalleled reliability, scalability, and efficiency. This expansion comes as part of MEEZA’s vision to enhance its data centre offerings aligning with the country’s ambitions under Qatar National Vision 2030 and the recently launched Digital Agenda 2030.

By scaling its data centre capabilities, MEEZA aims to meet the growing demand for AI, high-performance computing, cloud services, and data security solutions in Qatar and beyond. The new capacity will enable the latest technologies in various industries including financial services, healthcare, government, and smart cities.

Consequently, MEEZA signed a Murabaha facility with Dukhan Bank for QAR 135 million, in alignment with the Company’s strategic growth objectives.

MEEZA, Qatar’s leading end-to-end managed IT services and solutions provider, proudly participated as the Strategic AI Data sponsor at the World AI Summit Qatar 2024, underscoring its pivotal role in shaping Qatar’s AI ecosystem. Through a series of impactful engagements, MEEZA showcased its commitment to accelerating Qatar’s AI readiness by emphasizing advancements in data centre efficiency, robust infrastructure, and the development of essential skillsets.

The event marked a significant milestone with record-breaking attendance, reflecting the growing global interest in AI and Qatar’s role as a hub for technological innovation.

During the summit, MEEZA delivered a thought-provoking presentation titled “Accelerating Qatar’s AI Readiness: From Data Centre Efficiency to Infrastructure and Skillset Development.” The presentation highlighted how MEEZA’s cutting-edge technologies and strategic initiatives are enabling a sustainable and scalable AI environment in line with Qatar’s National Vision 2030 and the Digital Agenda 2030.

MEEZA also moderated a high-profile panel discussion titled “When Machines Create: Managing Risk, Ethics, Bias, and Privacy, featuring esteemed panelists from across the AI and technology spectrum. The discussion delved into critical topics, offering valuable insights on navigating the challenges of AI governance and ethical implementation.

As part of its continued efforts to foster collaboration, MEEZA signed several high-profile agreements during the event:

• Memorandums of Understanding (MOUs): Signed with Sambanova and Cytomate, these agreements aim to drive joint innovation and accelerate the adoption of AI technologies in key sectors.
• Strategic Partnership Agreement: A significant partnership was established with ihorizons, cementing a collaborative framework to advance AI-driven solutions and services in the region.

Through these partnerships, MEEZA reinforces its dedication to empowering organizations in Qatar and beyond with innovative AI solutions, ensuring the nation remains at the forefront of the global AI revolution.

MEEZA’s participation at the World AI Summit 2024 not only underscores its leadership in the technology sector but also reaffirms its commitment to driving Qatar’s digital transformation and AI ambitions.

 

Doha, Qatar – MEEZA, Qatar’s leading Managed IT Services and Solutions Provider, has once again been recognized as the “Best ICT Service Provider” at the Qatar Digital Business Awards (QDBA) 2024.

This prestigious accolade was announced during a ceremony hosted by the Ministry of Communications and Information Technology (MCIT) on Wednesday, November 27. The event was attended by H.E. Mr. Mohammed bin Ali Al Mannai, Minister of Communications and Information Technology, alongside prominent dignitaries, officials, and digital sector pioneers.

The Qatar Digital Business Awards is a premier national platform that honors companies and entrepreneurs driving Qatar’s digital transformation. This year’s awards featured 14 categories, including four new ones, reflecting the evolving needs of the market and encouraging greater diversity. With 303 applications from 132 companies and institutions, winners were selected by an independent jury comprising 23 experts.

MEEZA’s second consecutive win highlights its unwavering commitment to delivering innovative, secure, and customer-centric ICT solutions. MEEZA plays a pivotal role in the national digital transformation strategy by offering a comprehensive IT service management portfolio and providing specialised services certified by the Ministry of Communications and Information Technology for government entities, while enhancing the agility and reliability of critical information systems and ensuring data residency and sovereignty. This ensures information security through compliance with national security frameworks and disaster recovery plans while dedicated IT experts in Qatar provide proactive incident monitoring and resolution services around the clock. This approach reduces operational and capital expenses.

The Qatar Digital Business Awards align with Qatar National Vision 2030 by accelerating digital transformation, promoting the adoption of digital technologies, and fostering knowledge exchange among stakeholders. MEEZA’s consistent recognition in these awards underscores its pivotal role in achieving these national goals.

To learn more about MEEZA’s award-winning Managed IT Services and Solutions, visit www.meeza.net.

Doha, Qatar, 22 October 2024: MEEZA QSTP-LLC (Public) (“MEEZA” or “the Company”) announced its financial results for the nine months ended 30 September 2024.

Financial Summary

In the first nine months ended 30 September 2024, MEEZA’s Net Profit reached QR 42.0 million, representing an 8.7% (or QR 4.0 million) decrease over the same period last year, with Earnings Per Share (EPS) of QR 0.06.  Net Profit Margin for the period improved by 1.4 percentage points to 16.2% mainly driven by a revenue increase in the higher-margin segments.

The Company achieved total revenue of QR 259.4 million, declining 16.6% (or QR 51.8 million) year-on-year due to a decrease in low-margin Solutions services. Excluding Solutions services, revenue increased by 7.5%, led by growth in the Data Center (7.8%) and Managed Services (12.3%) revenues.

This growth in recurring, high-margin revenue segments led to a 1.1% increase in the Company’s gross margin versus last year, reaching QR 84.8 million. EBITDA margin also improved by 4.6 percentage points year-on-year to reach 34.4%, resulting in EBITDA for the period of QR 89.4 million.

MEEZA maintained a healthy financial position with a cash balance of QR 240.7 million, in addition to QR 1.5 billion in future committed contract value.

MEEZA recently signed a deal exceeding QAR 100 million to deliver 1 megawatt Data Centre capacity in its M-VAULT 4 data center facility, bringing its total data center utilization to 96%. The Company plans to expand its capacity to meet growing demand, beginning with a project to double the capacity of its M-VAULT 4 facility at the Qatar Science and Technology Park.