Pleased to announce that MEEZA in collaboration with Vertiv has won the runner-up position for the New design / build data center project of the Year award at the DCS Awards 2023.

This prestigious recognition highlights our unwavering commitment to excellence, innovation, and delivering outstanding services for our clients.

We are truly honored to be recognized among industry leaders and will continue to push boundaries and set new standards.

Thank you to our clients, partners, and employees for your unwavering support!

Further to the publication made on 29 May 2023 of the Intention to Float on the Qatar Stock Exchange, MEEZA and QInvest LLC acting in its capacity as Listing Advisor and Offering Manager on the Initial Public Offering of MEEZA QSTP LLC, hereby announces there will be no extension to the Individual and Corporate order subscription period.

The deadline for Individual and Corporate orders is on Monday 19 June 2023 (“Closing Date”), in line with the Offering Prospectus.

Electronic applications (e-IPO) will be accepted until 11:59PM local time, while physical applications will be accepted in line with the working hours of the receiving banks.

(A Qatar Science and Technology Park limited liability company (Public))

MEEZA QSTP LLC (Public) (“MEEZA”) to offer its shares through Initial Public Offering followed by a listing of all of its Shares on the Main Market of the Qatar Stock Exchange (“QSEMM”)

The proposed offering of securities to which this announcement relates is open in Qatar only to individual Qatari nationals and legal entities incorporated in Qatar.

• MEEZA is a leading end-to-end IT services provider within Qatar, including data center and colocation services
• The share capital of MEEZA is QAR 648,980,000, divided into 648,980,000 Shares of QAR 1 each
• 50% of the Shares, equivalent to 324,490,000 Shares, are being offered at an Offer Price of QAR 2.17 per Offer Share, making the total size of the Offering QAR 700,898,400 (excluding the offering costs of QAR 0.01 per Share)
• The Offer Price of the Shares comprising the share capital was determined by Qualified Investors in Qatar through the first Book Building process ever pursued to price an Initial Public Offering on the Qatar Stock Exchange
• The Company offered the Offer Shares to a set of Qualified Investors during a Book Building Subscription Period that commenced on 15 January 2023 and concluded on 6 March 2023
• 37.41% of the Offer Shares (constituting 121,393,000 Shares) were successfully allocated to Qualified Investors through a bidding process detailed in the “Details of the Offering” section of this announcement
• Offer Price includes the nominal value of QAR 1 per Share, a premium of QAR 1.16, and offering and listing fees of QAR 0.01 per Share
• 62.59% of the Offer Shares (constituting 203,097,000 Shares) are currently being offered to eligible investors, including Qatari citizens and legal entities incorporated in Qatar in accordance with the QSE Rulebook, QFMA Offering and Listing Rules and the Articles of Association of MEEZA (the “Individual and Corporate Investors”), at the Offer Price
• The Offer Period to subscribe to the IPO will be open from 6 June 2023 to 19 June 2023 (subject to any additional extension)
• MEEZA’s Founders are strongly committed to MEEZA’s future success and will be retaining at least 50% shareholding in the Company post-IPO
• QInvest LLC is acting as Listing Advisor and Offering Manager

 

Doha, Qatar, 29^th May 2023 – MEEZA QSTP LLC (Public) (“MEEZA”, the “Company” or “we”), the leading managed IT and data center service provider in the State of Qatar (the “State”), is pleased to announce that it has obtained the required regulatory approvals of the Qatar Financial Market Authority (“QFMA”) and the Qatar Stock Exchange (“QSE”) to offer 324,490,000 ordinary fully paid-up shares (the “Offer Shares”) by way of initial public offering (the “Offering”), followed by a listing of all of the Company’s Shares on the QSEMM.

Before deciding to invest in the Shares, investors should consult the Offering Prospectus approved by the QFMA which is available at the Company’s website at www.meeza.net/ipo and the Listing Advisor and Offering Manager website at www.qinvest.com/media-center/press-release. The approval of the QFMA of the Offering Prospectus shall not be considered to be an approval of the Company’s financial and economic viability or of the related evaluation outcomes.

1. KEY INVESTMENT HIGHLIGHTS

MEEZA is characterized by the competitive strengths and differentiators outlined below, which are expected to allow the Company to successfully achieve its commercial objectives and implement its strategy of maximizing shareholder value by capitalizing on its unique position in the ICT industry:

• Leading position in the drive for digitalisation:
  • The world is experiencing a data boom, creating significant demand for data centers and IT services, a landscape in which we have a solid position.
  • The growth of data being created and used is expected to continue for the foreseeable future, driven by the continuous enterprise and government digitalisation efforts, cloud services, streaming and gaming platforms take-up, proliferation of smart devices with higher resolution and use of big data for data analytics and artificial intelligence.
  • Customers get the best value from IT service providers in a market like Qatar, where energy prices and telecoms connectivity are favourable and where supply chains are reliable.
  • MEEZA is the data center pioneer of Qatar, commanding approximately 50% of the Qatari market’s data center capacity, owning and operating 5 state-of-the-art data centers with a total capacity of 24.4MW.
• Unique positioning as the leading end-to-end IT services provider in Qatar:
  • MEEZA QSTP LLC (Public) provides fully integrated, end-to-end IT services in the State of Qatar.
  • Our product offering includes but is not limited to data center and colocation services, managed services, solution services and cloud services.
  • We operate as the only IT services provider in Qatar that integrates 5 state-of-the-art data centers (known as M-Vault) with our IT services portfolio to provide tailored end-to-end solutions.
  • M-Vault data centers boast a guaranteed uptime of 99.98%, currently offering a total capacity of 24.4MW, with an additional c. 19.5MW of total capacity expansion currently being contemplated by management over the next 2 to 3 years to keep up with growing demand.
• Long-term customer relationships coupled with highly visible cash flows:
  • We take pride in our client base which mainly comprises of strategic sovereign entities, international hyper-scalers, and large corporates operating in the State of Qatar.
  • Most contracts are long-term in nature, with some key data center related contracts extending up to 15 years.
  • This provides us with recurring revenue streams, high visibility on cash flows and allows for cross-selling new managed services and other ancillary IT services to our existing blue-chip client base.
• Strong profitability and solid financial position:
  • Now that we have achieved economies of scale, MEEZA is now enjoying strong revenue growth and record annual profit margins year-on-year.
  • We have consistently recorded strong and stable growth over the last 3 years with revenue growing at a 11.3% CAGR between 2020 and 2022, coupled with an EBITDA CAGR of 10.9% over the same period, driven by a significant growth in demand for data center capacity and ancillary IT services.
  • MEEZA has also recorded a high profitability to shareholders, with net income growing at a CAGR of 22.4% over the last 3 years to reach QAR 52.1 million in 2022 (c. 15% net income margin).
  • In addition, MEEZA has maintained a healthy financial position, underpinned by a growing fixed asset base, significant cash reserves, and low leverage.
• Highly experienced senior management team
  • Our senior management team has significant years of professional experience in the IT industry and a track record of successfully delivering, managing and integrating key strategic projects.
  • We boast a mix of local Qatari leaders coupled with the global expertise of foreign senior management members with track records at some of the world’s largest technology and service provider companies in the world.

1. INDICATIVE TIMETABLE OF KEY EVENTS

Publishing of the Offering Prospectus, newspaper announcement and marketing campaign to launch	29 May 2023
Subscription Period for Individual and Corporate Investors opens	6 June 2023
Subscription Period for Individual and Corporate Investors ends	19 June 2023
Allotment of Offer Shares and Refunds	25 June 2023
Issuance of the updated commercial registration certificate of the Company, reflecting status as QSTP – LLC (Public)	9 July 2023
Expected first day of trading of the Shares on the QSE	During July 2023 and subject to obtaining the listing date confirmation from the respective regulatory authority

For further details on the Offering, including the Offering Prospectus and other information regarding the Company, please visit the website of the Company at https://www.meeza.net/ipo

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QInvest LLC, in its capacity as Listing Advisor and Offering Manager, has announced the successful closing of the first ever book building subscription in Qatar, for the initial public offering of MEEZA QSTP LLC on the Qatar Stock Exchange Main Market.

The book building period successfully concluded on 6 March 2023, in line with previous announcements issued by QInvest LLC. The Order Book closed with the successful subscription of Qualified Investors above the minimum threshold of 30% of the offered shares as required by the Qatar Financial Markets Authority (QFMA). The book building subscription, totaling 37.41% of the total Offering, comprised of a group of seven institutional investors led by Qatar’s Sovereign Wealth Fund – Qatar Investment Authority (“QIA”) – as well as the civil and military pension funds which are managed by the General Retirement and Social Insurance (“GRSIA”), including General Authority for Minors Affairs (“GAMA”). Other investors were Qatar Insurance Company (“QIC”) and Doha Insurance Group (“DIG”), and an investor from the private sector Al Khor Holding (“AKH”).

The balance of 62.59% of the Offering will be available for subscription by individuals and corporates after completion of the necessary regulatory filings. The Order Book was closed at a final offer price of QAR 2.17 per share[1].

Commenting on the successful conclusion of the book building, Hussain Abdulla, Co-Chief Executive Officer of QInvest LLC, said: “QInvest is pleased to be contributing to the successful development of Qatari equity capital markets, by following the book building mechanism to transparently price and launch the public offering to individual and corporate investors. This development represents a step towards opening the door to international investors for future equity capital markets and IPO initiatives”.

Hussein Fakhreddine, Co-Chief Executive Officer of QInvest LLC, commented on the conclusion of the book building period, saying: “Final pricing of the shares driven by the investors themselves is a testament of the effectiveness of the book building mechanism to transparently price the IPO based on supply and demand, factoring in market conditions and orders received from Qualified Investors”.

The public offering to individual and corporate investors is expected June 2023 (subject to the completion of the necessary regulatory filings), and will be comprised of 203,097,000 shares (62.59% of the Offering), at the offer price of QAR 2.17 concluded by the book building mechanism; further detailed announcements will be made in due course.

QInvest would like to take this opportunity to thank the relevant regulatory authorities, Qualified Investors, and MEEZA senior management for their support throughout the process, resulting in the successful conclusion of the first ever official book building exercise in Qatar.

This announcement relates specifically to conclusion of Book Building Subscription Period for Qualified Investors in accordance with the book building mechanism issued by QFMA and the terms and conditions of the Application for the Irrevocable Commitment to Purchase Shares in the Company in accordance with the Book Building Mechanism.

Final Order Book has been made publicly available on QInvest website www.qinvest.com

PDF

New service delivers superior cloud database performance, scale, and availability while meeting data residency requirements

MEEZA, Qatar’s end-to-end managed IT services and solutions provider, has expanded its managed services portfolio to offer Oracle Exadata Cloud@Customer, a high performing and widely available platform for mission-critical Oracle databases. Oracle Exadata Cloud@Customer delivers managed cloud database services with a subscription model inside customer’s data centers, enabling them to meet data residency and security requirements.

Commenting on the achievements, MEEZA CEO Eng. Ahmad Abdulla Al-Muslemani said:

“We are delighted to offer Oracle Exadata Cloud@Customer to our customers across various industries in Qatar. We can now help our customers to develop their IT architectures across hybrid cloud infrastructure, leading to a more secure and improved operational performance.”

MEEZA offers a comprehensive portfolio of managed services and value-added solutions, including tenant management, migration, optimization, health-check monitoring, and advanced security services, to streamline platform management, enhance cost-effectiveness, and deliver proven business value to its customers. By leveraging MEEZA’s cutting-edge managed services portfolio, businesses can achieve consistent and predictable performance while minimizing their operational expenses. In addition, customers now benefit from flexible subscription options (BYOL or Full PaaS), a fully managed environment, and out-of-the-box options with Oracle Exadata Cloud@Customer native cloud functionalities offered to the Qatari market for their primary and disaster recovery requirements.

Built using the latest Oracle Exadata technology, Oracle Exadata Cloud@Customer delivers the highest cloud database performance, scale, and availability, enabling organizations to consolidate and run all types of database workloads faster and with significantly less management. The system comes with a pay-per-use subscription model, cloud automation, unified control plane, and cloud security. Customers can choose to run Oracle Autonomous Database, Exadata Database Service, or both simultaneously.It helps organizations take full advantage of cloud economics by automating time-consuming and expensive manual management tasks and enabling online consumption scaling, so customers only pay for the resources they use.

Qatari customers across industries can now adopt the new service to support their cloud transformations without trade-offs in scale, data sovereignty compliance, security and control, using Oracle Cloud Infrastructure (OCI) services hosted in MEEZA’s local data centers.

MEEZA is a well-established managed IT service provider in Qatar with extensive skill set in managing complex environments, full understanding of country regulations and backed by government agreements and strategic partnerships. It offers scalable, highly available and resilient cloud services that are used to improve customer engagement, facilitate the transformation of products and services, and empower businesses.

Shane Fernandes, Vice President – Cloud Systems, Middle East and Africa, Oracle said:

“The combination of Oracle’s expertise and MEEZA’s first class professional services will enable Qatar businesses to fast-track their cloud transformation process based on their individual and specific industry needs. With Oracle Exadata Cloud@Customer, organizations  can now take advantage of cloud simplicity and cost effectiveness while meeting data residency and security requirements.”

A Qatar Foundation venture, MEEZA is committed to maintaining its position as a fast-growing player in cloud computing services, both in regional and international markets. It continues to innovate and offer cost-effective IT solutions and services to help its clients focus on their core business, and this partnership with Oracle furthers that mission.

Qatar University (QU) signed a Memorandum of Understanding (MoU) with MEEZA to bolster scientific, technical, research, and administrative cooperation between the two institutions. The MoU aims to explore opportunities to develop new technology skillsets and human capital locally in Qatar.

The MoU was signed by Dr. Hassan Al-Derham, President of Qatar University, and Eng. Ahmad Al-Muslemani, CEO of MEEZA. Under the MoU, Qatar University and MEEZA will collaborate on joint projects to enhance existing skillsets in the domains of IT and technology among students, exchange experiences, and exchange vital and beneficial information, including newsletters, journals, studies, statistics, and other data.

The signing of the Memorandum of Understanding comes within Qatar University’s framework to support MEEZA, Qatar’s prominent end-to-end managed IT services and solutions provider to launch the new initiative – MEEZA Academy – which aims to select and train college students and fresh graduates to develop the skills in information and communication technology (ICT) in line with the Cyber Security pillar of Qatar Vision 2030.

Dr. Hassan Al-Derham, said: “Qatar University has always sought to appreciate the vital role played by the leading Qatari information technology companies in serving the country and raising awareness among the younger generations of the various technological developments and innovations around the world. This will help the country  develop new technology skillsets and build local human capital.”

Commenting on the initiative and the collaboration, Eng. Ahmad Al-Muslemani said: “We are excited to introduce another initiative that will help nurture capable hands in the IT industry among the younger generation to support both human capital development and IT pillars of the Qatar National Vision 2030. The initiative will hone students’ IT skillsets to meet the changing demands in the industry and create opportunities for hands-on internship and potential future full-time employment.”

He added, “It is a great privilege to collaborate with Qatar University in order to enhance Qatar’s information technology landscape. We believe that this Memorandum of Understanding will serve as a lifelong learning opportunity for the selected students while also promoting Qatar as a leader in managed IT services and solutions in the region. We look forward to the fruitful implementation of the terms of the agreement in achieving the goals of Qatar National Vision 2030 and supporting Qatar’s IT sector’s growth.”

The collaboration will also enable both parties to conduct joint studies and research, organize and supervise conferences, meetings, and training that contribute to achieving the objectives of the initiative, as well as cooperate on any other possible respective fields of mutual interest for both parties.

To facilitate the implementation of the MoU, Qatar University and MEEZA will look into forming work committees and joint teams and holding consultative meetings to collaborate in the areas stated in the memorandum. The two parties will also review the execution of articles of the MoU and evaluate the realized outcomes on regular basis.

Through the initiative, the selected students will receive specialized advanced training in Cyber Security, Cyber Attack and Defence, Rookies Security, Security Awareness, Threat Hunting APT, Hunting in the MS cloud, AWS Security Hands-on, and more.

 

-END-

About Qatar University:

Qatar University is one of the leading institutions of academic and research excellence in the GCC region.  It provides high quality undergraduate and graduate programs that prepare competent graduates, primed to shape the future of Qatar.  The organization’s strong relationship with Qatari society is reflected in its community service efforts and in its vibrant research portfolio that addresses relevant local and regional challenges, advances national goals towards a knowledge-based economy, and contributes actively to the needs and aspirations of the society.

www.qu.edu.qa

Further to the announcements made on 15 January 2023 and 26 January 2023, QInvest LLC acting in its capacity as Listing Advisor and Offering Manager on the potential initial public offering (the “IPO”) of MEEZA QSTP LLC (“MEEZA” and / or the “Company”), hereby announces the following with regards to the Book Building Subscription Period which started on 15 January:

• The Company and Offering Manager have approved revising the Price Range from QAR 2.61 to QAR 2.81 to become QAR 2.48 to QAR 2.61 per Offer Share (“Revised Price Range”).

• Qualified Investors will have until 3:00PM local time on 6 March 2023 to revise and submit their orders on the basis of the Revised Price Range.

• The Offering Manager will make further announcements in due course.

• This announcement relates specifically to the Book Building Subscription Period for Qualified Investors in accordance with the book building mechanism issued by the Qatar Financial Markets Authority.

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ANNOUNCEMENT OF BOOK BUILDING COMMENCEMENT IN RESPECT OF INTENTION TO FLOAT ON THE QATAR STOCK EXCHANGE. NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR WITHIN THE QATAR FINANCIAL CENTRE, THE UNITED STATES OF AMERICA, THE UNITED KINGDOM, THE EUROPEAN UNION, THE STATE OF KUWAIT, THE SULTANATE OF OMAN, THE KINGDOM OF SAUDI ARABIA, THE UNITED ARAB EMIRATES (INCLUDING THE ABU DHABI GLOBAL MARKET AND THE DUBAI INTERNATIONAL FINANCIAL CENTRE), THE KINGDOM OF BAHRAIN, OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.

QInvest LLC, acting in its capacity as Listing Advisor and Offering Manager on the potential initial public offering (the “IPO”) of MEEZA QSTP LLC (the “Company”), a leading provider of end-to-end IT services in Qatar, hereby announces the price range for the IPO, as well as the commencement of the book building period for the IPO, in accordance with the details set out below.

During the Book Building Subscription Period (as defined below), only Qualified Investors (as defined below) can review the details related to the IPO in the Company’s Offering Prospectus (the “Offering Prospectus”), which will be made available to the Qualified Investors upon commencement of the book building process. The purpose of the book building mechanism is to quantify Qualified Investors demand based on the Price Range, in order to set the final Offer Share price for the Offering.

This announcement relates specifically to the Book Building Subscription Period for Qualified Investors in accordance with the QFMA book building mechanism. The Offering Manager and Listing Adviser and the Company will issue separate announcements for the intention to float in relation to the Offering for individual and corporate public investors in due course.

1. Offering details:

• The offering will comprise of 324,490,000 ordinary fully paid-up shares in the Company (the “Offering”), amounting to 50% of the total issued share capital of the Company (“Offer Shares” and each as “Offer Share” or “Share”).
• The Offer Shares are currently owned by Qatar Foundation for Education, Science and Community Development, who owns 259,592,000 Offer Shares and Ooredoo Q.P.S.C., who owns 64,898,000 Offer Shares (the “Founders”). The Offer Shares will be sold by the Founders.
• The total Offering size is expected to be between QAR 846,918,900 and QAR 911,816,900.

2. Book building process:

• During the Book Building Subscription Period, the Company will be offering a minimum of 30% of the total Offering, and maximum of 50% of the total Offering to Qualified Investors, with the final percentage offered and final Offer Share price to be determined based on Qualified Investor orders within the Price Range.
• After successful completion of the Book Building Subscription Period, the remaining 50-70% of the total Offering will be made available to the general public during the individuals and corporates subscription period, in accordance with the procedures and tranches applied with the allotment strategy specified in the Offering Prospectus.
• Book Building subscription, will be restricted to the following groups of investors (the “Qualified Investors”):
  • financial services companies licensed by the QFMA;
  • banks, insurance companies, and investment funds licensed by the Qatar Central Bank, Qatar Financial Centre or any other regulator within the State of Qatar;
  • State institutions and companies owned by the State of Qatar, Qatar Investment Authority and its subsidiaries; and
  • any other investor deemed qualified by the QFMA to participate in the book building process.
• The price range for the Offer Shares has been set at QAR 2.61 to QAR 2.81 per Offer Share (the “Price Range”), comprised of QAR 1 nominal value per Offer Share, between QAR 1.6 to QAR 1.8 premium per Offer Share and Offering and Listing fees of 1 Qatari Dirham per Offer
• The final price per Offer Share will be determined after the completion of the book building process.
• The number of Qualified Investors shall not be less than five (5).
• The minimum number of Offer Shares that may be ordered by a single Qualified Investor is 3,700,000 (the “Minimum Book Building Order“), and the maximum number of Offer Shares that may be ordered by a single Qualified Investor is 32,449,000 (the “Maximum Book Building Order“), with orders being allocated on a pro-rata basis.
• The maximum number of Offer Shares that may be allocated to any single Qualified Investor shall not exceed 32,449,000 Offer Shares, representing 5% of the total issued share capital of the Company.
• Bids or subscriptions for fractions of Shares will not be considered.
• Any bid received below the Minimum Book Building Order will not be considered.
• Any bid submitted above the Minimum Book Building Order shall be in multiples of 1,000 Offer Shares.
• Any bid submitted above the Maximum Book Building Order shall be treated as a bid for the Maximum Book Building Order.
• Qualified Investors will submit a bid purchase price within the Price Range in multiples of 10 Qatari Dirhams.
• The bidding and book building period for Qualified Investors will commence on 15 January, at 8:00 AM local time and end on 26 January at 3:00 PM local time (the “Book Building Subscription Period”). The overall tentative timeline for the Offering, subject to any amendments which could be made by the regulators, will be as follows:

• The Company has appointed Qatar National Bank Q.P.S.C. as Lead Receiving Bank for the IPO.
• Final allocation of the Offer Shares will be made after the end of the subscription period for the general public subject to compliance with all applicable laws and regulations of the State of Qatar in relation to the registration of the Shares’ subscription.

3. Book building subscription instructions:

Qualified Investors may subscribe for the Offer Shares as follows:

• Qualified Investors may authorise, by means of a written authorisation, another party to complete the subscription process on their behalf. The original written authorisation along with a copy of the Qatari ID cards of both the subscriber and the authorised party must be presented to the Offering Manager. In addition, the original subscriber application form must be signed by the subscriber.
• Qualified Investors may subscribe to the Offer Shares by submitting the bid form along with the documents stated in paragraph 3 of these subscription instructions in accordance with the timeline set out above and subject to the following terms:
  • Qualified Investors can fill in the data and submit the original bid form to the Offering Manager’s address at: 39th Floor, Tornado Tower, Majlis Al Tawon Street, West Bay, Doha, Qatar. A copy of the original bid form must also be emailed to afathy@qinvest.com.
  • The Offering Manager shall keep the original bid form and return a stamped copy to the subscriber. Bid forms which are not stamped by the Offering Manager will not be accepted.
  • The bid form will be shared with Qualified Investors by the Offering Manager.
• Qualified Investors wishing to subscribe for Shares must submit the signed original copy of the bid form along with the following documents:
  • An official extract of the valid commercial registration (or any similar document as applicable) or copy of a valid computer card and a copy of the valid Qatari ID card or passport of the authorised signatory. In case of delegation of authority, a letter of authorisation from the company is required.
• Qualified Investors must provide an active NIN number in order to subscribe to the Shares. If a Qualified Investor does not yet have a NIN number, they should obtain a NIN number as soon as possible.
• Any bid forms received outside of the timeline set out above will not be accepted.
• Subject to prior written approval from the Company, the Offering Manager has the right to reject either in whole or in part any bid for the Shares in any of the following cases:
  • If the subscriber is not entitled to subscribe.
  • If multiple bid forms are received from the same subscriber, only the first will be accepted.
  • If the bid form is incomplete, presents wrong information or is incorrectly filled in.
  • If supporting documents stated above in paragraph 3 of these subscription instructions are not submitted with the bid form and a NIN number is not provided.
• After submission of the bid form to the Offering Manager, the subscribers may change or cancel their bids to subscribe for Shares for any reason whatsoever provide that such change or cancellation of their bids is made by submitting a new modified bid form to the Offering Manager in accordance with these subscription instructions.

 4. Contact details:

 

Notes

This announcement and its terms are subject to and shall be governed by the laws of the State of Qatar. Any dispute that may arise thereunder shall be settled first through conciliatory negotiations. Only if an amicable settlement of the dispute is not reached by the parties, may they resort to arbitration according to the rules and regulations of the State of Qatar. The place or seat of arbitration shall be in Doha, Qatar and the language of the arbitration proceedings shall be Arabic The Arabic language is the official language of this announcement, and in the event of any contradiction between the Arabic and the English versions, the Arabic version will prevail.

Disclaimer

This announcement is being distributed subject to the provisions of the Instructions for Securities Offering Through Book Building Mechanism and the Offering an Listing of Securities on the Financial Markets Rulebook issued by the QFMA (the “QFMA Rules”), and should not result in any binding undertakings to acquire shares or subscribe in the Offering. This announcement is for information purposes only and under no circumstances shall constitute an offer or invitation, or form the basis for a decision, to invest in any securities of the Company. Neither this announcement nor anything contained herein shall form the basis of, or be relied upon in connection with, any offer or commitment whatsoever in any jurisdiction.

Qualified Investors should consult the Offering Prospectus before investing in the Shares. The approval of the QFMA on the Offering Prospectus shall not be considered an approval of financial and economic viability of the Company or of the related evaluation outcomes. Members of the Company’s board of directors and the Offering Manager share a joint responsibility toward the correctness of the data included in the Prospectus. The Offering legal advisor is responsible of the correctness of legal approvals and procedures followed by the Company in the process of offering the Shares.

The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed by any person for any purpose on the information contained in this announcement or its accuracy, fairness or completeness. The information in this announcement is subject to change. Neither the Company nor the Listing Advisor and Offering Manager or their respective affiliates undertake to provide the recipient of this announcement with any additional information, or to update this announcement or to correct any inaccuracies, and the distribution of this announcement shall not be deemed to be any form of commitment on the part of the Company or the Listing Advisor and Offering Manager to proceed with the Offering or any transaction or arrangement referred to therein.

The contents of this announcement are not to be construed as legal, financial or tax advice.

The distribution of this announcement may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

This announcement is not an offer for the sale of securities of the Company, directly or indirectly, in or into the United States. The Offer Shares may not be offered or sold in the United States unless registered under the US Securities Act of 1933, as amended (the “Securities Act”), or offered in a transaction exempt from, or not subject to, the registration requirements of the Securities Act. The Company has not registered and does not intend to register any portion of the Shares under the Securities Act or the laws of any state in the United States or to conduct a public offering of any securities in the United States. Copies of this announcement are not being, and may not be, distributed, forwarded or otherwise sent, directly or indirectly, in or into the United States.

This announcement does not contain or constitute an offer of, or the solicitation of an offer to buy, the Shares to any person in the United States, European Economic Area, Australia, Canada, South Africa or Japan or in any jurisdiction to whom or in which such offer or solicitation is unlawful. The offer and sale of the Shares have not been and will not be registered under the applicable securities laws of the European Economic Area, Australia, Canada, South Africa or Japan. Subject to certain exceptions, the Shares may not be offered or sold in the European Economic Area, Australia, Canada, South Africa or Japan or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada, South Africa or Japan. There will be no public offer of the Shares in the United States, Australia, Canada, South Africa or Japan.

Qualified Investors may only subscribe to the Shares on the basis of the QFMA approved Arabic language Offering Prospectus (and any supplementary prospectus in relation thereto) (the “Offering Prospectus”). The information in this announcement is subject to change. In accordance with the QFMA Rules, copies of the Offering Prospectus will, following publication, be available on the websites of the Company, the Offering Manager, and the QSE.

This announcement is not an offer document for the purposes of the QFMA Rules and should not be construed as such. The QFMA and the QSE do not take any responsibility for the contents of this announcement, do not make any representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this announcement.

This announcement may include statements that are, or may be deemed to be, “forward-looking statements”. Any forward-looking statements reflect the Company’s current view with respect to future events and are subject to risks relating to future events and other risks, uncertainties and assumptions relating to the Company’s business, results of operations, financial position, liquidity, prospects, growth or strategies. Many factors could cause the actual results to differ materially from those expressed or implied by any such forward-looking statements, including, among other things, risks specifically related to the Company and its operations, the development of global economic and industry conditions, and the impact of economic, political and social developments in the State of Qatar. Forward-looking statements speak only as of the date they are made and the Company does not assume any obligations to update any forward-looking statements.

There is no guarantee that the Offering will occur and you should not base your financial decisions on the Company’s intentions in relation to the Offering at this stage. Acquiring Shares to which this announcement relates may expose an investor to a significant risk of losing the entire amount invested.

Persons considering an investment should consult an investment advisor or an authorized person specializing in advising on such investments.

The Offering Manager is acting exclusively for the Company and no one else in connection with the Offering. They will not regard any other person as their respective clients in relation to the Offering and will not be responsible to anyone other than the Company for providing the protections afforded to their respective clients, arrangement or other matter referred to herein.

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MEEZA, Qatar’s prominent managed IT services and solutions provider, has announced the successful launch of its 5^th data center building “M-VAULT 5” in Qatar Science and Technology Park (QSTP) to boost Qatar’s cloud services and enhance cybersecurity resilience.

The launch of M-VAULT 5 emphasizes MEEZA’s position as the largest data center service provider in Qatar. This facility will offer cloud hosting services to customers in Qatar, the region, and the world. It will equally play a pivotal role in the economic growth and digital transformation of customers in the region and help position Qatar as a digital hub.

The new facility, which was completed in record time and less than one year after the launch of MEEZA’s 4^th Data Center M-VAULT 4, followed the highest international standards designed to meet the explosive demand for data centers and cloud services by local ventures and international hyperscalers.

The M-VAULT 5 data center building will help speed up the actualization of Qatar’s digital transformation agenda and promote a smarter, more technologically advanced economy. The new building provides some of the best Information Technology (IT) capacity of any data center building in the country, contributing to the improvement of the level of IT services in the region and the world.

Speaking on the occasion, Engineer Ahmad Abdulla Al-Muslemani, Chief Executive Officer of MEEZA, said:

“We are greatly delighted to launch yet another state-of-the-art data center, M-VAULT 5, as part of our continuous efforts to strengthen Qatar’s technological infrastructure and digital preparedness. MEEZA demonstrated unparalleled know-how and ability in this space by completing this project in record time and without compromising our strict adherence to the international standards that enable us to meet the growing demands for managed and cloud services, not only in the local market but also abroad.

“With this additional ready facility, MEEZA has once again proven its ability to provide its customers with quality complex solutions and leading hosting services. We strongly believe that this new data center will contribute significantly to the efforts to transform Qatar to a knowledge-based economy in line with the objectives of the Qatar National Vision 2030. We look forward to welcoming more institutions to subscribe to our unrivaled services to bolster their IT infrastructure and enhance their cybersecurity and digital maturity readiness. ”

 

MEEZA, a Qatar Foundation joint venture, delivers end-to-end managed IT and cloud services that are distinguishable by their high levels of availability and capabilities to provide the best technological solutions to customers, facilitate the transformation of products and services, and empower companies. MEEZA owns four globally rated Tier III certified data centers offering a guaranteed uptime of 99.98%. MEEZA’s data centers are designed with the strictest international standards enabling companies to benefit from greater efficiency rates while reducing risk. MEEZA’s state-of-the-art data center M-VAULT 2 has been certified as LEED Platinum, while the M-VAULT 3 is LEED Gold certified.

DOHA, QATAR, 26 SEPTEMBER 2022: MEEZA, Qatar’s prominent managed IT services and solutions provider, has been selected by Mowasalat (Karwa), Qatar’s end-to-end transport solution provider, to accelerate its digital transformation and to become its key IT Services provider.

Under the agreement, Mowasalat (Karwa) will benefit from MEEZA’s experience in deploying IT services using its experienced Qatar-based teams, standards-driven processes and world-class technology.

As part of this partnership, MEEZA will provide Mowasalat (Karwa) with improved reliability and scalable technology platforms at economies of scale. MEEZA brings the benefits of enterprise technology to large-scale organizations combined with personalized high-quality local customer service.

Speaking about the collaboration, Mr. Mohsin Nasser Al-Marri, MEEZA Chief Operations Officer, said: “MEEZA is delighted to be considered by Mowasalat (Karwa) as it its Managed IT Services provider and to establish a long-term relationship. Our focus is to provide guaranteed uptime required by complex operational environments such as Mowasalat (Karwa) who is leading the road transportation scene across the State of Qatar. MEEZA’s investment in cutting-edge services’ portfolio enables us to deliver flexibility and scalability to our clients and to create an ambitious advanced digital infrastructure, in line with Qatar National Vision 2030 and in addressing the specific requirements of Mowasalat (Karwa) by providing the best solution for the company.

We take great pride in this partnership as it is aligned with the country’s objectives to digitalize the economy is yet another testament to our keenness to foster strong collaboration with various organizations in Qatar.”

Mowasalat (Karwa)’s CAO, Mr. Ahmed Abdulrahman Al Muftah said: “At Mowasalat (Karwa), our vision is to link the greater community in Qatar with innovative and technologically advanced methods of transportation. We always look for ways to improve our operational procedures and improve our services for the benefit of our staff and the public we serve.

This partnership between Mowasalat (Karwa) and MEEZA is a step forward in making our IT services protected, adaptable, and coherent. Our partnership will also bring in enormous prospects of knowledge exchange between Mowasalat (Karwa) and MEEZA teams to introduce technologically advanced and innovative digital solutions and provide a world-class road transport experience to our customers”.

 

About Mowasalat (Karwa):

Mowasalat (Karwa) is the national road transport provider of Qatar, connecting the community through agile road transport solutions, safely and sustainability. Mowasalat

(Karwa) operates the largest fleet of technologically advanced public buses and taxis in Qatar, a considerable portion of which are hybrid and electric vehicles with negligible environmental footprint. It plays a crucial part in Qatar’s road to zero-emission public transport by 2030.