Inspiring a Higher Standard

Message from the Chairman

On behalf of the Board of Directors, it gives me great pleasure to present to you MEEZA’s financial results and business performance for the year ended 31 December 2024.

Strong Shareholder Returns
Looking back at our first full year of operation as a listed company, we are encouraged by your continued confidence in MEEZA. The leadership team has worked diligently to deliver healthy results in the Company’s key business segments while making tangible progress towards our ambitious Data Centre growth plans. As a result, we have witnessed an increasingly diverse shareholder base of local, regional and international investors.

MEEZA shares closed at a price of QR 3.28 on 31 December 2024, increasing by 14% over the last year, and by 50% from the IPO price, which is a strong vote of confidence from our esteemed shareholders.

Surging Demand
MEEZA continues to offer a unique opportunity for investors to benefit from the growth trajectory of our industry. Our ICT portfolio is strategically designed to exploit the surging demand for digital transformation, cloud computing, and AI across various industries, including financial services, healthcare, government, and smart cities.

From state-of-the-art Data Centre services to managed IT, cloud and cybersecurity services, to IT solutions and master systems integration, MEEZA has a comprehensive and integrated suite of services to meet our customers’ needs.

Given that our Data Centre facilities are now fully utilized, we have begun our next phase of expansion to achieve MEEZA’s vision to enhance its Data Centre offering to support the country’s ambitions

under Qatar National Vision 2030 and the recently launched Digital Agenda 2030. This expansion plan will be funded through a combination of Sharia compliant financing and the deployment of cash reserves.

Increasing Profitability Margins
Looking at the financial performance, MEEZA’s Net Profit reached QR 60.4 million in FY2024, representing a 0.4% (or QR 0.2 million) increase over the same period last year, with Earnings Per Share (EPS) of QR 0.09. Net Profit Margin for the period improved by 1.9 percentage points to 16.1% mainly driven by a revenue increase in the higher-margin segments.

The Company achieved total revenue of QR 374.2 million, declining 11.5% (or QR 48.7 million) year- on-year due to a decrease in low-margin Solutions services. Excluding Solutions services, revenue increased by QR 21.1 million or 7.3%, led by growth in the Data Centre (8.1%) and Managed Services (11.8%) revenues.

Growth in high-margin revenue segments led to a 3.1% increase in the Company’s gross profit versus last year, reaching QR 118.3 million. EBITDA margin improved by 3.7 percentage points year-on-year to reach 32.9%, resulting in EBITDA for the period of QR 123.2 million.

MEEZA maintained a healthy financial position with a cash balance of QR 278.8 million, in addition to QR 1.6 billion in future committed contract value.

Based on these results, the Board of Directors of MEEZA has proposed a cash dividend of QR 51.9 million (i.e. QR 0.08 per share) subject to the approval of the Annual General Assembly.

Photo of Michael McMahan
HAMAD BIN ABDULLA BIN JASSIM AL-THANI Chairman of the Board of Directors

Pioneering IT Excellence in Qatar

Cloud
Services

Managed
Services

End
User

Data
Center

Solution
Services

Managed
Security

MEEZA’s core mission is to simplify IT requirements while reducing costs and complexity for businesses. We are focused on customer centricity and best-in- class experience to support our client’s vision for digital transformation. MEEZA provides localized IT services and expertise, helping organizations enhance their in-house capabilities or fully outsource IT operations. With state-of-the-art facilities and 24/7 operational support, clients can focus on their strategic goals while ensuring uninterrupted performance.

These solutions drive resilience, efficiency, and innovation, creating a seamless IT ecosystem tailored to each client’s needs. Whether enabling smart city initiatives through IoT, AI, and cloud services or optimizing enterprise IT infrastructure, MEEZA ensures businesses stay agile, secure, compliant, and future-ready.

Powering Qatar’s Digital Future

Market Leadership in a High-Growth Industry
MEEZA is Qatar’s largest and only publicly listed pure-play IT services and Data Centre provider, commanding nearly half of the market share in the country’s rapidly expanding Data Centre and cloud computing sector.

The Company operates five state-of-the-art, certified Data Centres (M-VAULTs 1, 2, 3, 4, 5), providing a total of 14MW of IT capacity, with expansion plans already underway to expand M-VAULT 4 and advanced design phases in M-VAULT 6 and M-VAULT 7 to meet increasing demand from enterprises, government entities, and hyperscalers.

As the first company in Qatar to provide end-to-end, SLA-bound IT services, MEEZA redefined the market by eliminating traditional multi-step IT procurement and deployment processes. Instead of relying on third- party vendors for system integration, customers can directly procure IT solutions from MEEZA, ensuring speed, efficiency, and operational simplicity.

Aligning with Qatar’s Digital Agenda & National Vision 2030
MEEZA’s strategy is deeply aligned with Qatar’s national ambitions, serving as a critical enabler of Qatar’s Vision 2030 and the Qatar National Digital Agenda. With government-backed initiatives accelerating digital transformation, MEEZA plays a central role in driving:
• Smart Cities & Infrastructure: Through projects like Msheireb Downtown Doha, MEEZA powers Qatar’s most advanced smart city ecosystem, providing managed IT services, AI-driven infrastructure, and secure cloud solutions.
• AI & Cybersecurity: MEEZA ensures sovereign cloud solutions, AI-powered cybersecurity, and digital resilience for Qatar’s government agencies and enterprises.
• Cloud-First Strategy: As a key managed cloud services provider, MEEZA supports Qatar’s ambitious cloud adoption goals, aligning with regulatory mandates for local data hosting and secure digital infrastructure.
• National Data Localization & Sovereignty: With Qatar’s strict data protection laws, MEEZA’s services are the preferred choice for government institutions and enterprises that require in- country data storage and security compliance.

Competitive Advantages of Operating in Qatar

1. Low Electricity Costs & Energy Efficiency

• Power accounts for around 40% of Data Centre operational costs globally, but Qatar’s low-cost energy environment gives MEEZA a sustainable competitive advantage, allowing for higher margins and cost-efficient operations.
• The country’s stable power grid, access to clean energy initiatives, and cooling efficiencies further enhance operational resilience and sustainability.

2. Data Sovereignty & Market Protection

• Qatar’s strict data localization and cybersecurity regulations mandate sensitive data to be hosted within national borders, ensuring a captive customer base for MEEZA’s local cloud and Data Centre services.
• The demand for sovereign cloud solutions is rising among government entities, financial institutions, and enterprises, reinforcing MEEZA’s role as the preferred IT infrastructure provider in the country.

3. High Digital Penetration & Strong Enterprise Demand

• Qatar ranks among the top in the world for mobile and fixed broadband penetration, driving enterprise cloud adoption, AI-driven workloads, and managed IT services demand.
• The country’s investment-friendly environment and high presence of multinational corporations, global technology firms, and hyperscalers create an expanding customer base for MEEZA’s Infrastructure-as-a-Service (IaaS), Platform-as-a- Service (PaaS), and cybersecurity solutions.

Resilient Business Model with Recurring Revenues

1. Strong Multi-Year Contract Base

MEEZA benefits from long-term, multi-year contracts with Tier 1 enterprises, government agencies, and global hyperscalers, ensuring predictable cash flows and earnings visibility.
• More than 80% of total revenue is recurring, providing stability and reducing exposure to market volatility.
• Most contracts run for at least 3 years, with some extending to 10+ years before renewal, providing long-term revenue predictability.
• The Company’s focus on upselling and cross- selling services to existing clients ensures sustained revenue growth and deep customer engagement.

2. High Margins & Free Cash Flow Generation

MEEZA’s Data Centre business contributes half of Gross Margin, a growing segment which has significantly higher margins than traditional IT services.
• The Company’s capital-efficient business model ensures strong free cash flow (FCF) generation, reinforcing its ability to fund growth initiatives while maintaining profitability.
• MEEZA’s low-maintenance cost structure enhances operational efficiency, supporting both expansion plans and shareholder value creation.

Diversified IT Services & Solutions Portfolio

MEEZA offers a wide spectrum of IT services, catering to enterprise, government, and Hyperscaler needs, including:
• Bare-metal infrastructure such as Data Centre colocation and server hosting.
• Hands-off managed IT services, simplifying complex technical environments for customers.
• Advanced cybersecurity solutions, including AI-powered security operations and threat intelligence.
• Smart city solutions for Qatar’s flagship infrastructure projects such as Msheireb Downtown Doha.
• Business continuity and enterprise application services, ensuring seamless IT operations for critical sectors.

Ongoing Investments in IT Infrastructure & AI-Driven Services

MEEZA has consistently invested in next-generation IT infrastructure to enhance its value proposition and operational capabilities. Key investments include: • State-of-the-art Data Centres with expansion in progress.
• AI-powered cybersecurity platforms to proactively detect and neutralize threats.
• Upgrades in internal IT systems, such as ERP enhancements and CRM modernization.
• A unified platform that integrates all company operations into a single interface, improving efficiency and decision-making.

Ecosystem of Long-Term Business Partnerships

MEEZA’s success is reinforced by its strong ecosystem of long-term business relationships with global technology leaders.
• Strategic alliances with hardware vendors such as Cisco, HP, and Huawei.
• Partnerships with software leaders including Oracle and Microsoft Cloud Partner Program.
• Collaborations with cybersecurity specialists such as Palo Alto and Splunk, ensuring cutting- edge security solutions.
• A dedicated business relationship management team ensures ongoing engagement with partners, vendors, and customers, enhancing market competitiveness and service reliability.

Capacity Expansion to Capture Growing Demand

With demand for Data Centres in Qatar far exceeding supply, MEEZA is aggressively scaling its operations:
• Expanding Data Centre capacity with emphasis on customer pre-leasing.
• Investing in next-generation AI-ready infrastructure, supporting high-performance computing, machine learning, and cloud-native applications.
• Enhancing its managed security operations and smart city integrations, strengthening its leadership in critical IT services.

Growth Opportunity

MEEZA has shown strong fundamentals and is in favorable position to capitalize on global industry trends:
• The combination of high-growth, high-margin, and defensive revenue streams makes MEEZA a compelling long-term investment.
• With its strategic expansion, robust financial performance, and dominant market position, MEEZA is well-positioned to deliver substantial value to investors.

Competitive Advantages of Operating in Qatar

1. Low Electricity Costs & Energy Efficiency

• Power accounts for around 40% of Data Centre operational costs globally, but Qatar’s low-cost energy environment gives MEEZA a sustainable competitive advantage, allowing for higher margins and cost-efficient operations.
• The country’s stable power grid, access to clean energy initiatives, and cooling efficiencies further enhance operational resilience and sustainability.

2. Data Sovereignty & Market Protection

• Qatar’s strict data localization and cybersecurity regulations mandate sensitive data to be hosted within national borders, ensuring a captive customer base for MEEZA’s local cloud and Data Centre services.
• The demand for sovereign cloud solutions is rising among government entities, financial institutions, and enterprises, reinforcing MEEZA’s role as the preferred IT infrastructure provider in the country.

3. High Digital Penetration & Strong Enterprise Demand

• Qatar ranks among the top in the world for mobile and fixed broadband penetration, driving enterprise cloud adoption, AI-driven workloads, and managed IT services demand.
• The country’s investment-friendly environment and high presence of multinational corporations, global technology firms, and hyperscalers create an expanding customer base for MEEZA’s Infrastructure-as-a-Service (IaaS), Platform-as-a- Service (PaaS), and cybersecurity solutions.

Resilient Business Model with Recurring Revenues

1. Strong Multi-Year Contract Base

MEEZA benefits from long-term, multi-year contracts with Tier 1 enterprises, government agencies, and global hyperscalers, ensuring predictable cash flows and earnings visibility.
• More than 80% of total revenue is recurring, providing stability and reducing exposure to market volatility.
• Most contracts run for at least 3 years, with some extending to 10+ years before renewal, providing long-term revenue predictability.
• The Company’s focus on upselling and cross- selling services to existing clients ensures sustained revenue growth and deep customer engagement.

2. High Margins & Free Cash Flow Generation

MEEZA’s Data Centre business contributes half of Gross Margin, a growing segment which has significantly higher margins than traditional IT services.
• The Company’s capital-efficient business model ensures strong free cash flow (FCF) generation, reinforcing its ability to fund growth initiatives while maintaining profitability.
• MEEZA’s low-maintenance cost structure enhances operational efficiency, supporting both expansion plans and shareholder value creation.

Diversified IT Services & Solutions Portfolio

MEEZA offers a wide spectrum of IT services, catering to enterprise, government, and Hyperscaler needs, including:
• Bare-metal infrastructure such as Data Centre colocation and server hosting.
• Hands-off managed IT services, simplifying complex technical environments for customers.
• Advanced cybersecurity solutions, including AI-powered security operations and threat intelligence.
• Smart city solutions for Qatar’s flagship infrastructure projects such as Msheireb Downtown Doha.
• Business continuity and enterprise application services, ensuring seamless IT operations for critical sectors.

Ongoing Investments in IT Infrastructure & AI-Driven Services

MEEZA has consistently invested in next-generation IT infrastructure to enhance its value proposition and operational capabilities. Key investments include:
• State-of-the-art Data Centres with expansion in progress.
• AI-powered cybersecurity platforms to proactively detect and neutralize threats.
• Upgrades in internal IT systems, such as ERP enhancements and CRM modernization.
• A unified platform that integrates all company operations into a single interface, improving efficiency and decision-making.

Ecosystem of Long-Term Business Partnerships

MEEZA’s success is reinforced by its strong ecosystem of long-term business relationships with global technology leaders.
• Strategic alliances with hardware vendors such as Cisco, HP, and Huawei.
• Partnerships with software leaders including Oracle and Microsoft Cloud Partner Program.
• Collaborations with cybersecurity specialists such as Palo Alto and Splunk, ensuring cutting- edge security solutions.
• A dedicated business relationship management team ensures ongoing engagement with partners, vendors, and customers, enhancing market competitiveness and service reliability.

Capacity Expansion to Capture Growing Demand

With demand for Data Centres in Qatar far exceeding supply, MEEZA is aggressively scaling its operations:
• Expanding Data Centre capacity with emphasis on customer pre-leasing.
• Investing in next-generation AI-ready infrastructure, supporting high-performance computing, machine learning, and cloud-native applications.
• Enhancing its managed security operations and smart city integrations, strengthening its leadership in critical IT services.

Growth Opportunity

MEEZA has shown strong fundamentals and is in favorable position to capitalize on global industry trends:
• The combination of high-growth, high-margin, and defensive revenue streams makes MEEZA a compelling long-term investment.
• With its strategic expansion, robust financial performance, and dominant market position, MEEZA is well-positioned to deliver substantial value to investors.

Highlights
during the Year

  • 30 Jan 2024

    QFC Signs MoU with MEEZA to enhance
    the country’s digital services sector and
    supporting digital transformation across
    industries

    QFC Signs MoU with MEEZA to enhancements the country’s digital services sector andenhancements supporting digital transformation acrossenhancements industries


  • 14 Feb 2024

    Ministry of Labour and MEEZA Sign
    Strategic Memorandum of Understanding
    aimed providing ICT-focused training
    and employment opportunities for Qataris.

    Ministry of Labour and MEEZA Sign Strategic Memorandum of Understandingaimed providing ICT-focused training and employment opportunities for Qataris.

  • 22 Feb 2024

    MEEZA Wins Best ICT Service Provider
    Award at Digital Business Awards 2023
    recognizing its excellence in providing
    cutting-edge ICT services and solutions

    MEEZA Wins Best ICT Service Provider Award at Digital Business Awards 2023 recognizing its excellence in providing cutting-edge ICT services and solutions

  • 25 Feb 2024

    MEEZA Launches Artificial Intelligence
    Platform “MEEZA.AI”, an innovative platform
    designed to enhance business solutions
    using AI technologies.

    MEEZA Launches Artificial Intelligence Platform “MEEZA.AI”, an innovative platform designed to enhance business solutions using AI technologies.

  • 5 Mar 2024

    MEEZA Holds First General Assembly Meeting,
    approving a cash dividend distribution
    of 8.1% of nominal share value

    MEEZA Holds First General Assembly Meeting, approving a cash dividend distribution of 8.1% of nominal share value

  • 8 May 2024

    Ministry of Labour and MEEZA Organize Training
    Workshop for Job Seekers to equip job
    seekers with essential ICT skills

    Ministry of Labour and MEEZA Organize Training Workshop for Job Seekers to equip job seekers with essential ICT skills

  • 21 May 2024

    MEEZA Signs a Cooperation Agreement with
    Oman’s ITHCA Group to enhance collaboration in
    technology and foster regional innovation.

    MEEZA Signs a Cooperation Agreement with Oman’s ITHCA Group to enhance collaboration in technology and foster regional innovation.

  • 23 May 2024

    MEEZA Announces the Appointment of New CEO
    to lead its strategic initiatives,
    ensuring sustained growth and innovation in
    the ICT sector

    MEEZA Announces the Appointment of New CEO to lead its strategic initiatives, ensuring sustained growth and innovation in the ICT sector

  • 3 Jun 2024

    MEEZA Hosts Successful Roundtable on Cloud
    Computing and the Financial Sector,
    underlining its commitment to digital transformation

    MEEZA Hosts Successful Roundtable on Cloud Computing and the Financial Sector, underlining its commitment to digital transformation

  • 16 Jul 2024

    MEEZA and AMD Announce Strategic Cooperation
    Agreement to accelerate the adoption of artificial
    intelligence in Qatar and the region

    MEEZA and AMD Announce Strategic Cooperation Agreement to accelerate the adoption of artificial intelligence in Qatar and the region

  • 1 Sep 2024

    MEEZA Signs a Deal Exceeding QAR 100 Million
    to Deliver 1 Megawatt Data Centre Capacity

    MEEZA Signs a Deal Exceeding QAR 100 Million to Deliver 1 Megawatt Data Centre Capacity

  • 8 Dec 2024

    MEEZA Wins “Best ICT Service Provider”
    Award for the Second Consecutive Year for
    its excellence in delivering managed
    IT services and solutions

    MEEZA Wins “Best ICT Service Provider” Award for the Second Consecutive Year for its excellence in delivering managed IT services and solutions

Operational Highlights

Growth Drivers

• 4 MW expansion of M-Vault 4 data center in QSTP
• Data Center capacity almost fully utilized at 96%
• Secured QR 135 million to Murabaha facility to fund strategic growth

Financial Results

• Recurring Revenues (excl. Solutions) increased 7.3% to reach QR 309.3 million
• Gross Margin expands 4.5pp to 31.6%
• Maintained QR 0.08 dividend per share for 2024

Operational Indicators

• Future committed contract value increased from QR 1.2 billion to QR 1.6 billion
• Net pipeline exceeding QR 1.7 billion
• QR 394.2 million in collections

Revenue

284.8
20.8
0.1
40.6
47.8
82.8
92.7
FY20
328.4
15.3
8.2
81.6
25.2
72.5
125.6
FY21
352.9
14.9
11.4
78.4
16.9
93.0
138.2
FY22
422.9
8.2
16.8
134.8
15.2
112.8
135.2
FY23
374.2
7.3
15.4
64.9
14.4
126.2
146.0
FY24
Excl. Solutions
61.6
74.3
105.3
89.9
110.7
Data Centre
Managed
Work Place
Solutions
Cloud
MSI

Gross Margin

25.7%
FY20
26.7%
FY21
30.2%
FY22
27.1%
FY23
31.6%
FY24
Excl. Solutions
61.6
74.3
105.3
89.9
110.7

Total Revenue excluding Solutions increased by 7% due to higher DC utilization and an increase in Managed Services customers. On a segmental level, MEEZA achieved double-digit CAGR from 2020 to 2024 in Managed Services (11%) and Data Centre services (12%). Gross Profit Margin improved 4.5pp driven by favorable revenue mix in high margin segments.

Financial Performance FY2024

FY20 FY21 FY22 FY23 FY24 35.4% 32.0% 35.1% 29.2% 32.9% 26.5% 29.0% 34.2% 29.1% 32.9%

Net Profit Margin

FY20 FY21 FY22 FY23 FY24 12.2% 13.4% 14.8% 14.2% 16.1%

EBITDA margin excluding NaaS increasing by 6.4pp since FY20 driven by revenue growth in high margin segments and cost optimization. Net Profit Margin expands 3.9pp since FY20 driven by EBITDA flow through, higher returns from capital expenditure and lower depreciation

CAPEX

157.7 208.2 53.8 14.4 18.8 55% 63% 15% 3% 5% FY20 FY21 FY22 FY23 FY24

Return on Capital Employed (ROCE)*

FY20 FY21 FY22 FY23 FY24 5% 6% 7% 8% 8%

* ROCE calculated as: (Net Profit + Borrowing costs) / Average (Equity + Loans)

FY2024 CAPEX was QR 18.8 million, at an intensity level of 5%. In previous periods MEEZA added 6.1 MWs (construction of M-VAULT 2 extension and M-VAULT 4 in 2020 and 2021, respectively, in addition to M-VAULT 5 in 2022). MEEZA is ramping up its CAPEX to cater to increasing Data Centre demand with M-VAULT 4 extension underway from the onset of 2025. Return on Capital Employed shows an increasing trend thanks to Data Centre contribution and utilization levels.

Financial Performance FY2024

Cash Flow from Operations (QR m)

Cash generated from Operations*

112.6
FY20
100.1
FY21
97.5
FY22
96.2
FY23
121.7
FY24

Net Cash**

205.7
FY20
87.3
FY21
55.0
FY22
115.0
FY23
157.2
FY24

* Cash generated from operations as per statement of cash flows net off lease payments
** Cash and equivalents less short and long term borrowing

Cash flows in 2024 were favorably impacted by higher collections, leading to a net cash position of QR 157.2m with QR 278.8m cash on hand

Message from
the CEO

On behalf of our leadership team and dedicated employees, I am pleased to present to you MEEZA’s operational and financial performance for the year 2024.

A New Chapter: Leading MEEZA into the Future
Having joined MEEZA in May 2024, it is an honor to address our shareholders, partners, and employees as CEO. I am privileged to lead a company that has already established itself as the premier IT services and Data Centre provider in Qatar. As we build upon this strong foundation, my commitment is to drive MEEZA forward into its current phase of growth, innovation, and operational excellence.

A Year of Expansion and Transformation
2024 was a critical year for MEEZA, as we successfully executed our growth strategy across multiple fronts. We achieved nearly full utilization of our existing Data Centre capacity after signing a landmark 1-Megawatt Data Centre contract and secured the award and financing for an additional 4-Megawatt capacity under a long-term contract. This milestone reinforces MEEZA’s position as the leading Data Centre provider in Qatar, setting the foundation for our next phase of expansion with additional state- of-the-art Data Centre facilities currently in different phases of design.

Beyond infrastructure growth, we launched MEEZA. AI, our flagship artificial intelligence platform, accelerating the adoption of AI-driven business solutions in Qatar and the region. This strategic move places MEEZA at the forefront of AI and cloud computing services, ensuring that our clients — from government entities to large enterprises — have access to cutting-edge digital transformation capabilities.

Financial Performance: Strengthening Profitability and Growth
MEEZA delivered solid financial results in 2024, reflecting the strength of our business model and our focus on high-margin service segments. The Company reported a net profit of QR 60.4 million, with an EPS of QR 0.09.
Despite a reduction in total revenue due to lower contributions from Solutions services, we saw a 7.3% growth in revenue from our core offerings, driven by an 8.1% increase in Data Centre services and an 11.8% rise in Managed Services. Our profitability was further supported by an improved net profit margin of 16.1%, reflecting disciplined cost management and an optimized revenue mix.

With a strong cash position of QR 278.8 million and future contract commitments exceeding QR 1.6 billion, MEEZA remains well-capitalized to fund its expansion and drive long-term value for stakeholders.

Market Leadership and Strong Client Demand
Throughout the year, we continued to strengthen our market positioning, expanding not only our Data Centre segment but also our Managed Services revenue streams. Our participation in key global events, including the Web Summit and World AI Summit, reinforced our role as a technology leader and strategic data partner in the region. Additionally, we renewed our Cisco Gold and Google Premier partnerships, among others, ensuring that our ecosystem remains at the highest level of industry standards.

Operationally, we enhanced our cybersecurity and managed services portfolio, securing new Security Operations Center (SOC) customers and driving strong year-on-year growth in these high-margin segments. Our ability to provide comprehensive, SLA-bound IT services continues to attract tier-1 clients, reinforcing MEEZA’s position as a preferred IT outsourcing and infrastructure partner.

Commitment to Excellence: Certifications and Standards
In 2024, we further solidified our reputation for too scrunched together certifications, including ISO 27701 (Privacy Management) and ISO 27017 (Cloud Security). We also renewed the existing international ISO certificates such as ISO 9001 (Quality Management), ISO 27001 (Information Security Management), ISO 20000-1 (IT Service Management), ISO 14001 (Environmental Management), PCI-DSS compliance and SOC 2 Type 2 for our Data Centres, positioning MEEZA as a trusted partner in secure and compliant digital solutions.

Investing in People and Sustainability
At MEEZA, our human capital is at the core of our success. The MEEZA Academy delivered nine training sessions in 2024, equipping high-performing trainees with the skills needed to thrive in the ICT industry. Our partnerships with leading global technology firms—including VMware, Cisco, Oracle, and Huawei—enabled us to offer world-class training, internships, and full-time employment opportunities to promising talent.

We also strengthened our corporate social initiatives through collaborations with the Ministry of Labour and Qatar Career Development Center, providing job shadowing opportunities and career development programs. Furthermore, we maintained our ISO 45001 certification for health and safety, reflecting our commitment to a safe and productive work environment.

Looking Ahead
With Data Centre demand in Qatar exceeding supply, MEEZA is committed to aggressively scaling its infrastructure to meet the growing needs of enterprises, government agencies, and hyperscalers. Our upcoming Data Centre expansions will significantly enhance our capacity, efficiency, and AI- readiness, allowing us to support high-performance computing, machine learning, and sovereign cloud solutions.

As we look to 2025 and beyond, MEEZA remains dedicated to innovation, operational excellence, and sustainable growth. Our success is a testament to the unwavering commitment of our employees, the trust of our valued clients, and the confidence of our esteemed shareholders.

On behalf of the entire team, I extend my sincere gratitude to our Board of Directors for their guidance, our clients and partners for their continued collaboration, and our shareholders for their ongoing support as we continue shaping the future of Qatar’s digital landscape.

Photo of Michael McMahan
Mohamed Ali Al-Ghaithani Chief Executive Officer