MEEZA, a leading provider of data centres and managed IT services in Qatar, has secured an additional QR1.6 billion (US$439 million) Commodity Murabaha facility from Dukhan Bank.
The new financing arrangement builds on the existing strategic partnership between the two institutions and is designated to support the next phase of MEEZA’s data centre expansion plan.
The deal underscores the continued appetite for Islamic finance instruments in funding large-scale technology infrastructure projects in the Gulf region.
By utilizing a Commodity Murabaha structure, MEEZA aligns its capital raising with Sharia-compliant principles while accessing the substantial liquidity required for heavy asset deployment.
This development follows a broader trend of increased corporate borrowing in the region to support digital transformation initiatives.
Similar to recent moves by other financial institutions in emerging markets to deepen lending books for infrastructure and SMEs, MEEZA’s financing highlights the critical role of local banks in enabling national digital sovereignty goals.