QInvest LLC in its capacity as Listing Advisor and Offering Manager to MEEZA QSTP LLC (Public) (“MEEZA” and / or the “Company”), is pleased to announce that it has obtained the required regulatory approvals from 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 an Initial Public Offering (“IPO”), starting on 6th June 2023 and ending on 19th June 2023 (the “Subscription Period”).
Through Qatar’s first ever book building process, seven institutional investors subscribed to 37.41% of the Offer Shares, led by Qatar’s Sovereign Wealth Fund – Qatar Investment Authority (“QIA”), the civil and military pension funds which are managed by the General Retirement and Social Insurance Authority (“GRSIA”), and the General Authority for Minors Affairs (“GAMA”). The Subscription Period for individual and corporate investors is for the remaining 62.59% of the Offer Shares (203,097,000 shares).
Please refer to the MEEZA IPO website for further details: www.meeza.net/ipo
