MEEZA QSTP Risk Report

🛡️ Financial & Liquidity

Meeza, a prominent Qatari IT services firm, has experienced significant financial activities. The company navigated its initial public offering successfully and showed robust financial performance, reflecting a positive liquidity position.

• Meeza completed its IPO 🗓 June 26, 2023, in collaboration with Qinvest, raising significant capital.
• The company projected an IPO to raise between QR847mn and QR912mn 🗓 January 8, 2023.
• QInvest completed Qatar's first book building exercise for Meeza’s IPO 🗓 May 8, 2023.
• Meeza announced its IPO ambitions 🗓 May 29, 2023, targeting to raise QR701mn.

👥 Labor & Workforce

The leadership team at Meeza has seen transitions that could affect workforce morale and effectiveness, though operations have continued smoothly amid these changes.

• Meeza announced the resignation of its CEO and appointed an acting CEO 🗓 October 10, 2023.
• A new CEO was appointed 🗓 May 24, 2024, following earlier leadership changes.

🏗️ Operational & Business Continuity

Meeza's operational activities reveal strategic expansions and collaborations that bolster business continuity, highlighting their commitment to growth and innovation.

• The company launched its fifth data center in Doha 🗓 October 17, 2022, enhancing operational capacity.
• Meeza signed a strategic cooperation agreement with AMD 🗓 July 17, 2024, to drive AI advancements in the region.

📜 Innovation & R&D

Meeza's focus on innovation is underscored by strategic alliances and infrastructure developments that position it as a cutting-edge player in the IT sector.

• The strategic cooperation agreement with AMD 🗓 July 17, 2024, is aimed at accelerating AI in Qatar and the region.

🏅 Awards & Recognition

Meeza's excellence has been acknowledged globally, enhancing its reputation in the IT services industry.

• The company received two prestigious awards at the Global Business Outlook Awards 🗓 December 31, 2023.