Category: Uncategorized

MEEZA QSTP-LLC (Public) – Qatar’s leading managed IT services and data centres provider, has reached an agreement to deliver 1 megawatt capacity in its M-VAULT4 data centre to a global hyperscale’s . The project, with a total contract value exceeding 100 million QAR, extends over the remaining contract period ending in 2036. It aligns with the government’s recently announced “Digital Agenda 2030” strategic plans aimed at advancing digital transformation and AI technology in Qatar.

The Ministry of Communications and Information Technology (MCIT) plays a pivotal role in facilitating this strategic partnership, ensuring that the nation’s digital infrastructure aligns with the highest global standards. Through its leadership and support, the Ministry continues to drive the country’s digital transformation journey, fostering innovation and the development of advanced IT solutions that position Qatar as a regional leader in technology and AI.

This initiative is in line with the MCIT’s ongoing efforts to provide the best hosting services, reinforcing Qatar’s commitment to becoming a global hub for cloud services. By expanding its data centre capacity, MEEZA is poised to offer enhanced support  and enabling businesses across the region to benefit from cutting-edge cloud solutions that meet the highest performance and security standards.

MEEZA’s M-VAULT4 data centre, now reaching full current capacity, sets the stage for MEEZA’s strategic plan to expand its data centre capabilities to meet growing service demand.

The initial capacity plan aims to more than triple the existing capacity to reach 50 megawatts at home in the state of Qatar.

Furthermore, and in other MEEZA Data Centre related news, M-VAULT4 Data Centre achieved the maintenance and operations stamp of approval from uptime Institute in recognition of its operational excellence underscoring MEEZA’s commitment to maintaining the highest standards in data centre operations.

The additional planned data centre capacity will bolster the country’s state-of-the-art infrastructure, enabling more robust AI implementations and innovative solutions that will benefit various sectors, including cybersecurity, smart cities, and healthcare.

This collaboration with global hyperscalers  to host  Cloud Data centre region is a testament to MEEZA’s differentiated ability to deliver against its vision of becoming the preferred data centre and managed IT services provider in the Middle East and North Africa.

MEEZA, established at Qatar Science & Technology Park (QSTP), continues to lead the way in providing world-class data centre services, cloud services, managed IT services, and IT security services. MEEZA’s data centres offer a guaranteed uptime of 99.98%, reinforcing the trust we extend to businesses in Qatar and across the Gulf region can operate with greater efficiency and reduced risks.

 

-Ends-

 

About MEEZA:

MEEZA QSTP-LLC (Public) is an established end-to-end managed IT services and solutions provider founded in Qatar Science & Technology Park (QSTP), that aims to accelerate the growth of the country and the region through the provision of world-class services and solutions, while providing the Qatari people and others throughout the region with opportunities to undertake fulfilling careers in the IT industry.

MEEZA is a publicly quoted company on the Main Market of Qatar Stock Exchange with share capital of 648,980,000 QAR.

The company has five certified data centres, known as M-VAULTs, offering a guaranteed uptime of 99.98% built to comply with the most exacting international standards enabling businesses to benefit from greater efficiencies and reduce risks.

MEEZA’s offerings include Managed IT Services, Data Centre Services, Cloud Services, and IT Security Services, in addition to expertise in Smart Cities Solutions and Artificial Intelligence (AI).

MEEZA is recognized with various prestigious awards including the Best ICT Service Provider Award of the Year 2023 as well as Best Cloud Solution Award of the Year 2022 at Qatar Digital Business Awards by Ministry of Communication and Information Technology. In addition, MEEZA won Most Innovative ICT Services Provider Award of the Year 2023 in Qatar by Global Business Outlook Awards. These prestigious recognitions highlight our unwavering commitment to excellence, innovation, and delivering outstanding services for our clients.

For more information, please visit: meeza.net

MEEZA QSTP–LLC (Public) (“MEEZA” or “the Company”) announced its financial results for the six months ended 30 June 2024.

Financial Summary 

In the first six months ended 30 June 2024, MEEZA’s Net Profit reached QR 29.9 million, representing a 0.6% (or QR 0.2 million) increase over the same period last year, with Earnings Per Share (EPS) of QR 0.05.  Net Profit Margin for the period improved to 16.7% mainly driven by an improvement in the revenue mix. 

The Company’s revenue decreased by 19.1% (or QR 42.4 million) year-on-year to reach QR 179.4 million, due to a decrease in the Solutions services. Excluding this low-margin segment, revenue increased by 7.1%, led by growth in the Data Centre (7.9%) and Managed Services (8.7%) revenue. 

EBITDA for the period was QR 61.7 million, with an EBITDA margin of 34.4%, increasing 5.5 percentage points year-on-year.  

MEEZA maintained a healthy financial position with a cash balance of QR 223.3 million, in addition to QR 1.5 billion in future committed contract value.

 

MEEZA QSTP-LLC (Public) – Qatar’s leading managed IT services and data centres provider, is pleased to announce a strategic cooperation agreement with AMD, a global leader in high-performance computing and graphics solutions. This collaboration will see MEEZA leverage AMD’s advanced accelerated computing platform to help enable the AI revolution in Qatar and the region.

The agreement was signed by representatives from both MEEZA and AMD, setting the foundation for a cooperative relationship that will benefit both parties. This strategic collaboration focuses on enhancing mutual capabilities and providing access to AMD’s high performance and adaptive computing technologies.

“We are excited for the opportunity to partner with AMD to drive the AI revolution in Qatar and the region,” said Mr. Mohamed Ali Al-Ghaithani, CEO of MEEZA “By leveraging AMD’s cutting-edge accelerated computing platform, we are poised to meet the growing demand for generative AI solutions and seize new AI growth opportunities.”

The cooperation agreement delineates several key areas of collaboration, including increasing opportunities for both companies to share expertise and enhance professional growth, providing MEEZA with access to AMD’s latest technological innovations and research projects. Through the collaboration, MEEZA and AMD will explore deployment of AMD technologies in MEEZA’s data centers to meet the significantly growing demand for accelerated computing infrastructure to support advanced AI models, identifying and pursuing joint projects that leverage the strengths of both companies, and further opportunities for collaboration that benefit both MEEZA and AMD.

“This collaboration with MEEZA underscores AMD’s commitment to driving innovation and enabling the AI revolution,” said Zaid Ghattas, Regional Manager CEEMETA, AMD. “Together, we will harness the power of advanced computing to accelerate technological advancements and address the evolving needs of the market.”

This collaboration marks a significant step towards leveraging AI to meet regional market demands and drive technological progress. Both MEEZA and AMD are committed to fostering innovation and delivering cutting-edge solutions to their clients and partners.

MEEZA, Qatar’s leading managed IT services and data centers solutions, hosted a highly informative and engaging roundtable on “Cloud Computing and the Financial Sector” last Thursday, 23^rd of May 2024. The event brought together executives and decision-makers from the financial sector in Qatar, to discuss the latest cloud technology updates, regulatory landscape, and information security challenges associated with cloud computing.

The MEEZA team kicked off the session with an insightful presentation on current technology trends in the financial sector. They emphasized the critical importance of cloud computing regulations, governance, and policies, highlighting how these elements are essential for secure and efficient operations in the financial domain.

The audience also participated in a discussion around cloud computing regulations, and the information security concerns prevalent in the financial industry, exchanging views on the challenges the sector faces and explored potential solutions to enhance the security of cloud-based financial services.

MEEZA is dedicated to providing secure, reliable, and innovative cloud solutions that meet the evolving needs of the financial sector. The goal is to empower financial institutions to leverage the full potential of cloud computing while ensuring compliance and security.

The roundtable was an excellent opportunity for financial sector leaders to network, share insights, and discuss collaborative strategies to navigate the complex landscape of cloud computing. The event emphasized MEEZA’s commitment to supporting the financial sector through cutting-edge technological solutions and stringent security measures.

MEEZA continues to demonstrate its leadership in the IT sector by fostering dialogues and partnerships that drive technological advancement and secure digital transformation in Qatar and beyond.

MEEZA, Qatar’s leading managed IT services, solutions provider, and data centres, is pleased to announce the appointment of Mr. Mohamed Ali Al-Ghaithani as the new Chief Executive Officer, effective on 23 May 2024. Mr. Mohamed Al-Ghaithani brings to MEEZA a distinguished career spanning 18 years emerged in the technology sector, and a proven track record of leadership to oversee MEEZA’s next phase of innovation and growth.

With a wealth of experience, Mr. Mohamed Al-Ghaithani has spearheaded numerous business development programs and projects, driving strategic initiatives for digital transformation, operational automation, and the launch of innovative technological platforms across diverse sectors, including services and agriculture. His leadership expertise extends to information technology, shared services, and project management, where he has excelled in team building, establishing new companies, and the successful delivery of strategic projects such as data centers, production lines, and services support projects.

MEEZA also extends profound gratitude to Mr. Mohsin Nasser Al Marri for his dedicated service as the Acting CEO since October 2023. Under his stewardship, the company has maintained its trajectory of growth and excellence, ensuring a seamless continuation of service and innovation. “We are immensely grateful to Mr. Mohsin Nasser Al Marri and the entire executive team for their exceptional leadership during a pivotal period,” said Sh. Hamad Bin Abdulla Bin Jassim Al-Thani, Chairman of the Board at MEEZA. “Their unwavering commitment has been instrumental in sustaining MEEZA’s position as a leader in the IT services sector in Qatar.” Sh. Hamad Al-Thani also added: “We are thrilled to welcome Mr. Mohamed Ali Al-Ghaithani as MEEZA’s new CEO. His wealth of experience and visionary leadership will surely steer MEEZA to greater heights of success.”

As MEEZA welcomes Mr. Mohamed Al-Ghaithani, the company looks forward to a new chapter of innovative solutions and enhanced services under his leadership. “I am honored to join MEEZA, a company renowned for its quality technology solutions and commitment to excellence,” said Mr. Mohamed Al-Ghaithani. “I am excited to work with the talented team at MEEZA to drive our mission forward and deliver even greater value to our clients and stakeholders.”

We extend our warmest wishes to Mr. Al-Ghaithani as he assumes the helm of MEEZA, confident that his leadership will further solidify our position as a trailblazer in the technology landscape in Qatar and beyond.

MEEZA, a pioneering Qatari managed IT services and solutions provider, is pleased to announce a cooperation agreement with Oman Information and Communication Technology Group (ITHCA). This strategic collaboration focuses on enhancing mutual capabilities and access to innovative technologies in alignment with Qatar and Oman’s ongoing efforts in the information and communication technology (ICT) sector.

The cooperation agreement, signed by representatives from both MEEZA and ITHCA, sets the foundation for a cooperative relationship that will benefit both nations.

The partnership delineates several key areas of collaboration, including the potential for increased opportunities for knowledge sharing and professional development, enhanced access to cutting-edge technologies and research initiatives, identification of joint projects and initiatives, and much more.

Speaking on the occasion, Mr. Mohsin Nasser Al-Marri, Acting CEO of MEEZA, stated:

“This cooperation agreement marks a significant step forward in our commitment to enhancing the ICT landscape across the region. By combining our resources and expertise with OICT, we look forward to unlocking new opportunities and innovations.”

Engineer Said bin Abdullah Al-Mandhari, CEO of ITHCA Group, added:

“Partnering with MEEZA allows us to expand our strategic investments and initiatives in the ICT domain. Together, we aim to explore and implement solutions that support our strategic goals and respond to the dynamic needs of the market.”

ITHCA, which has a key role in the development of information technology in Oman and acts as strategic investor within Oman’s ICT Investment Environment, collaborates with various entities to enhance the national ICT infrastructure and capabilities.

This collaborative endeavour aligns with Qatar Digital Agenda 2030 and marks a commitment to a shared vision of cooperation and strategic growth in the ICT sector that benefits both organizations and supports broader economic diversification efforts.

The Ministry of Labour, in collaboration with MEEZA, organized a training course titled “Introductory to Oracle System” for job seekers who are graduates of information technology. The goal is to develop their skills and enhance their efficiency, increasing the participation rates of the national workforce in the IT sector.

 

 

 

 

 

MEEZA QSTP LLC (Public)  announced its financial results for the three months ended 31 March 2024.

Financial Summary

In the first three months ended 31 March 2024, MEEZA’s Net Profit reached QR 11.7 million, representing a 7.1% (or QR 0.8 million) increase over the same period last year, with Earnings Per Share (EPS) of QR 0.02.  Net Profit Margin for the period improved to 13.9% mainly driven by a positive change in the revenue mix.

The Company’s Revenue decreased by 10.1% (or QR 9.4 million) to reach QR 84.2 million, due to a decrease in the low-margin Solutions segment. This was partially offset by growth in the higher margin Data Center and Managed Services segments. EBITDA for the quarter was QR 27.3 million, with an EBITDA margin of 32.4%, increasing 2.6 percentage points year on year.

MEEZA boasts a healthy financial position with a cash balance of QR 156 million, in addition to QR 1.2 billion in future committed contract value.

 

MEEZA QSTP LLC – Public, the leading Data Center services and IT solutions company in Qatar, convened its Ordinary General Assembly Meeting on Monday, March 4, 2024. Chaired by Sheikh Hamad bin Abdulla bin Jassim Al Thani, the meeting took place at the Park Hyatt Hotel located in Msheireb Downtown Doha, Qatar, with a participation rate of 51.7% of shareholders.

The Assembly delved into a comprehensive agenda, engaging in discussions on all scheduled items. The Board of Directors presented its report on the Company’s operational and financial status for the year ending on 31 December 2023 and its future plans, receiving approval. The auditor’s report on the company’s balance sheet on the concluded year was presented and approved during the meeting. The Assembly reviewed and approved the balance sheet and profit and loss account for the year ended 31 December 2023. The Assembly also reviewed MEEZA’s Corporate Governance Report for 2023 and approved it.

Additionally, PricewaterhouseCoopers (PwC) were appointed as the external auditor for the year 2024, along with the determination of their fees, based on the recommendation of the Board of Directors.

Furthermore, the General Assembly granted approval to the Board of Directors’ proposal for disbursing cash dividends to shareholders, totaling 52.7 million Qatari riyals. This equates to 8.1% of the nominal value of each share, translating to 0.081 Qatari riyal per share. The assembly also accorded discharge to the members of the Board of Directors from any liabilities during the same period and endorsed the allocation of board fees.

MEEZA continued its growth trajectory in 2023, culminating in its highest-ever annual profits, totaling 60.2 million Qatari riyals. This reflected an increase of 15.5% in comparison to the prior year. The net profit margin reached 14.2% during the same period, and earnings per share increased to 0.09 Qatari riyals. Furthermore, MEEZA experienced 19.8% growth in revenues, reaching 422.9 million Qatari riyals.

MEEZA, the leading IT solutions company in Qatar, unveiled its artificial intelligence portal platform “MEEZA.AI” with the aim of enabling business solutions and contributing to overcoming various challenges across sectors such as cybersecurity, smart cities, healthcare, media, judiciary, entertainment, and sports.

Under the theme “Unlocking Business Possibilities,” the launch of this platform was attended by His Excellency Mr. Mohammed bin Ali Al Mannai, Minister of Communications and Information Technology, along with a constellation of high-level guests from various sectors and fields in the country, as well as the senior management team of the company.

In addition to the conventional artificial intelligence features that were unveiled to the public in 2023, such as natural language chat interfaces, AI now aids businesses and organizations in sifting through extensive volumes of documents and data sourced from their own establishments or globally, if preferred. This enables them to make well-informed decisions and choices based on historical and present trends, ultimately driving efficiency for a more productive future. These novel applications of artificial intelligence within enterprises represent pioneering advancements at the forefront of digital transformation in both commercial enterprises and government sectors.

MEEZA’s new enterprise platform, MEEZA.AI, accelerates the production and deployment of AI-related business use cases, in collaboration with major AI technology companies worldwide as well as startups at the forefront of key sectors. Furthermore, MEEZA.AI provides a secure forum for exchanging ideas and development initiatives, in partnership with Hamad Bin Khalifa University’s (HBKU) Qatar Computing Research Institute (QCRI) , enabling our community to access world-class researchers in this field, bolstering our efforts to produce locally based innovations built on advanced knowledge and institutional foundation in Qatar.

Commenting on this significant step in the company’s journey, Mr. Mohsen Nasser Al-Marri, Acting CEO of MEEZA, said:

“We are very proud to launch MEEZA.AI, which provides an efficient platform facilitating the work of companies and organizations operating in various fields such as cybersecurity, healthcare, media, judiciary, entertainment, and sports, at a time when artificial intelligence is asserting itself forcefully, and companies are making significant investments in it. This step comes to reinforce MEEZA’s leadership and give its clients the opportunity to benefit from the potential offered by AI technologies, and to develop a set of cognitive solutions, applications, software, and products that pave their way towards operational automation and addressing challenges using advanced AI technologies. We will continue to work on bringing the latest technological innovations in line with our strategy for future growth and Qatar’s National Vision 2030.”

Dr. Ahmed Elmagarmid, Acting Vice President of Research, HBKU, and Executive Director, QCRI, said: “We are thrilled to collaborate with MEEZA on the launch of MEEZA.AI, an innovative platform that underscores the vital role of artificial intelligence in addressing complex challenges across various sectors. By using research and AI, MEEZA is paving the way for transformative solutions that will drive efficiency and propel Qatar’s digital transformation forward.”

MEEZA QSTP-LLC (Public) is a company established in Qatar Science & Technology Park (QSTP), continues to grow and expand day by day, supported by an integrated portfolio of world-class data center services and IT solutions to achieve its vision of becoming the leading provider of managed IT services and technological solutions in the Middle East and North Africa region, as well as actively contributing to driving development in the State of Qatar in support of its efforts towards digital transformation and building a knowledge-based society.