Ooredoo Group Announces Sale of Stake in Meeza

Ooredoo Group (“Ooredoo”) announces that it has sold a minority stake in Meeza QSTP-LLC (“Meeza”). Under the terms of the agreement, Ooredoo has disposed of a 6% equity interest in Meeza to certain funds managed by Fiera Capital (UK) Limited at the prevailing market price. Following the completion of the transaction, Ooredoo retains a 4% stake in Meeza, this is considered a non-strategic holding and is intended to be divested at a later stage. This partial disposal is in line with Ooredoo’s strategy, to focus on the operation and expansion of its own data centre platform Syntys, which is accelerating the development of AI-ready, hyperscale data centres across the MENA region.