QSE Acting Chief Executive Officer, Abdulaziz Nasser Al Emadi Pic: Rajan Vadakkemuriyil
Doha, Qatar: The private sector is showing strong enthusiasm this year and QSE will witness new listings before the end of 2023 that include an investment fund in sustainability, along with two companies, one of which will be listed in the key market and the other one in the startups.
“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,” Qatar Stock Exchange Acting Chief Executive Officer, Abdulaziz Nasser Al Emadi told The Peninsula speaking on the sideline of the event held yesterday to mark the listing of MEEZA shares on QSE.
As we continue to prioritise the growth of the technology sector within our market, Meeza’s listing reinforces our commitment to providing investors with a wide array of investment opportunities. This move not only enhances the choices available to investors but also contributes to the further development of our market ecosystem, Al Emadi noted.
“We extend our sincere congratulations to Meeza on their successful listing and commend their dedication to innovation and excellence. The inclusion of Meeza in our listing companies will undoubtedly contribute to the diversification of investment choices and the deepening of our market’s strength,” he said.
Replying to a query by the media on the recent announcement by QSE of the commencement of the covered short selling activity and securities lending and borrowing, Al Emadi highlighted that such activity is complementary to the rest of the activities in the market and is critical for derivatives market, including its criticality for the qualified investors and founding investors for hedging purposes.
He called on all investors and market dealers to have a look at the rules and instructions and benefit from them in the investment process.
The shares of MEEZA were listed with the symbol ‘MEZA’ in QSE main market under the consumer goods & services sector. The offering price has been set at QR2.17, consisting of a nominal value of QR1.00 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. However, as of the second day, price limits will be set at a fluctuation range of 10 percent upwards and downwards, in line with other listed companies in the market. The opening price started 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.
