MEEZA QSTP explained

MEEZA QSTP
Type:Public
Traded As:QE: MEZA
Industry:Information Technology (IT)
Founded:2008; 15 years ago
Hq Location:Doha, Qatar
Website:meeza

MEEZA QSTP (Arabic: ميزة كيو اس تس بي) is an IT provider founded in Qatar Science & Technology Park (QSTP).[1] [2]

The company has five Tier III certified data centres known as M-VAULTs, offering a guaranteed uptime of 99.98% built to comply with the international standards.[3] [4]

MEEZA's provides Data Centre Services, Managed IT services, Cloud Services, and IT Security Services, as well as Smart Cities Solutions and Artificial Intelligence (AI).[5]

MEEZA is a publicly quoted company on Qatar Stock Exchange main market.[6] [7]

History

MEEZA was founded in 2008 as Qatar Foundation joint venture providing Information Technology (IT) services.[8] The name MEEZA was derived from the Arabic word “Advantage”.[9]

MEEZA opened its first data centre M-VAULT in 2009, offering 99.98% availability.[10] In 2012, MEEZA has opened M-VAULT 3 data centre in the second quarter and M-VAULT 2 data centre in the third quarter.[11] The data centres have been designed to Uptime Institute Tier 3 standards, with 99.98% guaranteed availability.[12] [13] In addition, MEEZA was the first company in Qatar to have Security Operations Centre (SOC), enabling to mitigate digital and cybersecurity threats.[14] [15]

In 2021, MEEZA launched its fourth data centre, M-VAULT 4 hosting Microsoft cloud data centre.[16] [17] Later in 2022, MEEZA announced the launch of M-VAULT 5 data centre less than one year after the launch of M-VAULT 4 data centre to meet the increasing demand for data centres and cloud services.[18]

As of 2023, MEEZA is the first company to use the book building exercise for the Initial Public Offering (IPO) in Qatar.[19] [20] MEEZA shares were listed on the Qatar Stock Exchange main market from 23 August 2023.[21] [22]

Notes and References

  1. Web site: Newspaper . The Peninsula . 2023-03-20 . MEEZA expands managed services portfolio . 2023-11-14 . thepeninsulaqatar.com . en.
  2. Web site: Atriss . Mourad . MEEZA QSTP-LLC . 2023-11-14 . Qatar Science and Technology Park . en-US.
  3. Web site: MENA IPO EYE Q3 2023 . 2023-11-14 . www.ey.com . en-QA.
  4. Web site: News Details Commercial Bank Financial Services . 2023-11-14 . www.cbfin.qa.
  5. Web site: MEEZA Quickly Scales Data Centre Capacity to Bring Important Cloud-Based Applications to the Middle East . 2023-11-14 . www.vertiv.com . en.
  6. Web site: MENA IPO EYE Q3 2023 . 2023-11-14 . www.ey.com . en-QA.
  7. Web site: News Details Commercial Bank Financial Services . 2023-11-14 . www.cbfin.qa.
  8. Web site: 2018-02-19 . Meeza to provide IT services to govt entities . 2023-11-14 . Gulf Times . en.
  9. Web site: 2013-12-22 . Commercial Bank, Meeza renew IT tie-up . 2023-11-14 . Gulf Times . en.
  10. Web site: Meeza opens new data centre . 2023-11-14 . www.tradearabia.com.
  11. Web site: 2012-03-07 . MEEZA to open two secure data centres . 2023-11-14 . Gulf Times . en.
  12. Web site: 7 March 2012 . MEEZA to open two secure data centres . 13 November 2023 . Gulf Times.
  13. Web site: 7 March 2012 . MEEZA announces two new data centres . Edge Middle East.
  14. Web site: Tribune . Qatar . 2022-11-07 . MEEZA, Darktrace partner to help customers meet cybersecurity challenges . 2023-11-14 . Qatar Tribune . en.
  15. Web site: MEEZA Awarded Additional ISO 9001:2008 & ISO 27001:2005 Certifications For Its Security Operations Center . 2023-11-14 . www.press.qf.org.qa . en.
  16. Web site: MEEZA reveals the launch of its 4th M-VAULT 4 Data Center building – Middle East & Africa News Center . 2023-11-14 . news.microsoft.com.
  17. Web site: Steers . Sam . 2021-11-29 . Meeza launches fourth data centre in Qatar . 2023-11-14 . datacentremagazine.com . en.
  18. Web site: Nair . Arya M. . 2022-10-17 . Qatar's MEEZA unveils its 5th data center building 'M-VAULT 5' at QSTP - GCC Business News . 2023-11-14 . en-US.
  19. Web site: East . Forbes Middle . Qatar's MEEZA To Sell 50% Of Capital In IPO In Aims To Raise Up To $250M . 2023-11-14 . Forbes ME . en-US.
  20. News: 2023-01-09 . IT services firm to be Qatar's first to use book building for IPO . en . Reuters . 2023-11-14.
  21. Web site: Tribune . Qatar . 2023-08-24 . Meeza shares list on QSE main market, gains 6% on debut day . 2023-11-14 . Qatar Tribune . en.
  22. Web site: إدراج أسهم "ميزة" في بورصة قطر اعتبارًا من 23 أغسطس الجاري . 2023-11-14 . CNBC Arabia . ar.

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