Meeza lands QR1.6B ($439M) Murabaha facility to triple data centre capacity

What's the deal? Qatari data centre and managed IT services provider MeezaDealroom has a profile for this one. Try Dealroom → has secured an additional QR1.6bn ($439m) Commodity Murabaha facility from Dukhan BankDealroom has a profile for this one. Try Dealroom →. The Shariah-compliant debt builds on an existing financing partnership between the two.

What's the endgame? The money funds the next phase of Meeza's data centre expansion, including the continued development of M-VAULT 6, M-VAULT 7, and M-VAULT 8 in Qatar. Together, those sites are expected to add roughly 44MW of capacity.

The plan is to more than triple Meeza's current data centre capacity to over 60MW, targeting demand from hyperscalers, enterprise clients, and government entities.

Why now? Meeza is racing to meet rising demand for cloud, cybersecurity, and artificial intelligence infrastructure. The facility was structured on similar terms to the existing deal, according to the companies.

What they said: “Securing this additional QR1.6bn facility from Dukhan Bank represents a major strategic milestone for Meeza,” said chief executive officer Mohamed Ali al-Ghaithani. Dukhan Bank's acting group CEO, Ahmed I Hashem, said the deal “reflects our confidence in Meeza's long-term growth strategy.”

The signal: At $439m, this debt round sits in the top 4% of all enterprise software debt deals in Qatar on record. It underscores how national infrastructure players are turning to Shariah-compliant financing to bankroll the region's AI and cloud build-out, positioning Qatar as a digital hub under its National Vision 2030.

Read more: Gulf Times

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