Satyendra Pathak
Doha
MEEZA, the leading managed IT and data center service provider in Qatar, on Wednesday successfully listed its shares on the main market of the Qatar Stock Exchange (QSE) through the ‘Book Building’ mechanism used for the first time in Qatar.
With the listing of Meeza, the number of listed companies on QSE’s main market has increased to 51.
Listed in the consumer goods & services sector with the ticker ‘MEZA’, the Meeza shares made a stellar debut on QSE’s main market as the stock price surged almost 17 percent over the listing price of QR2.17 per share after the trading began for the day. The share price, however, shed initial gains and settled with a rise of over almost 6 percent at the close of the trade for the day.
The offering price was set at QR2.17, consisting of a nominal value of QR1. and an issuance premium of QR1.16, along with a listing fee of QR0.01 per share, based on the documents submitted by the company.
On the first day of listing, the company’s share price was floated. The stock opened trading at QR2.22, and the closing price settled at QR2.30. The highest price it reached during the trading session was QR2.535, while the lowest price touched was QR2.22.
Speaking on the occasion, Qatar Stock Exchange Acting Chief Executive Officer Abdulaziz Nasser Al Emadi said, “We are delighted to welcome Meeza, a pioneering technology company, to the Qatar Stock Exchange family.
The successful listing of Meeza marks a significant milestone in our continuous efforts to expand the scope of our listing companies. Meeza’s expertise in the technology sector makes it a valuable addition to our diverse portfolio of listed companies.” page 9
