Doha-based Qatar Electronic Systems Company, (Techno Q) has said its shareholders have approved the company’s application for conversion from a Qatari limited liability company into a Qatari public shareholding company.
This follows the conclusion of its extraordinary general assembly of shareholders held on April 25.
The conversion contemplates a potential listing on the Venture Market of the Qatar Stock Exchange (QSE) subject to obtaining all requisite regulatory approvals.
A stalwart of the regional private sector ecosystem, Techno Q is a seasoned operator with almost 30 years’ experience in the GCC.
Founded in 1996 and initially carving its niche within the home theatre market, the business has since expanded exponentially over the last three decades, harnessing the momentum of Qatar’s rapid digital transformation, which is underpinned by ambitious objectives of the Qatar National Vision 2030.
Techno Q’s illustrious project portfolio includes the design and execution of cutting-edge race electronics for a premier international racing competition in Qatar, the creation and setup of sophisticated security access control systems for a number of football stadiums for a globally recognised sporting event, and the supply and installation of a comprehensive CCTV and Access Control Systems for Qatar’s largest hospital.
Managing director and co-founder of Techno Q, Zeyad al-Jaidah said of the potential conversion of Techno Q to a Qatari public shareholding company:
“The evolution of Techno Q WLL over the last three decades has been nothing short of extraordinary. What started as an opportunistic venture has transformed into one of the region’s greatest entrepreneurial success stories. Our constant commitment to excellence and transparent, open approach with our clients has cemented our reputation as a trusted partner who delivers impeccable results time and time again.”
Executive director and co-founder of Techno Q, Abdulla al-Ansari added: “We are very much looking forward to the next chapter in Techno Q WLL’s history. The transition to a Qatari public shareholding company is an incredibly proud moment for us. As a business with firm roots in Qatar, this is a landmark moment, which is set to shape the next exciting phase of Techno Q WLL. We are looking to the future and are ready to evolve and strengthen our legacy as a Qatari business which operates with agility and integrity.”