Mosanada has been closely involved in the operation of many of Qatar’s major sporting venues since its establishment in 2013, with its work extending across cultural sites, public facilities, and large-scale event environments.Over the years, the company has developed an operating presence across assets that form part of the country’s everyday infrastructure and national events calendar. On December 15, Mosanada will take its next step by listing on the Qatar Stock Exchange, formalising its position within the public market.Chief executive officer Mark Cooke has played a central role in shaping the organisation’s operating approach and guiding its progression across different facility types. As Mosanada prepares for this transition, Cooke reflects on the company’s development, the nature of its work, and how the move to the public market aligns with its long-term direction. Mosanada has been operating for more than a decade. Why was this the right moment to list the company? Mosanada has reached a level of operational maturity where a public listing is a natural step. Our work now spans national assets, major public venues, and complex environments that demand strong governance, long-term planning, and consistent performance.After more than ten years of predictable operations and disciplined financial management, moving to the public market widens participation while maintaining continuity. The founders remain committed shareholders, and the company enters the market with a proven track record and a stable operating base. Many readers may not be familiar with what “specialised facility management” actually involves. How would you explain Mosanada’s role in simple terms? Our job is to keep large public, sports, cultural, and infrastructure assets running safely and reliably. These are high-footfall environments where even a minor disruption can have a major impact.We oversee technical systems, manage planned and reactive maintenance, coordinate contractors, and ensure that facilities operate without interruption. Depending on the project, we either serve as the managing agent or deliver integrated FM services ourselves. When the public does not have to think about what is happening behind the scenes, that usually means our teams have delivered what is expected of them. Mosanada was founded within the Aspire Zone Foundation and Qatar Olympic Committee ecosystem. How has that shaped the company’s development? It placed us directly inside an ecosystem where reliability and precision are essential. Working on national sports venues, major public facilities, and international events shaped the discipline with which we operate.Our exposure across Aspire Zone, the Ministry of Sports and Youth sports facilities, Katara, Qatari Diar, Expo 2023, and others gave us a range of operational experience that is uncommon in the sector. That foundation continues to influence how we plan, structure teams, and manage complex assets. What distinguishes Mosanada’s operating model from traditional FM companies? A large part of our work sits at the strategic layer of facility management. We manage portfolios of assets that require integrated systems, structured vendor governance, performance monitoring, and long-term maintenance planning.This specialised agency model is asset-light, which contributes to financial resilience, and it is well-suited to large facilities with demanding operational requirements. Our teams apply organised performance frameworks across all projects, and that discipline underpins our results. The company supported some of Qatar’s most visible national projects, including the 2022 FIFA World Cup and Expo 2023. What did these experiences add to Mosanada’s capabilities? Major events condense a tremendous amount of operational pressure into short timelines. You learn to anticipate issues early, coordinate diverse technical teams, and maintain operational control under strict deadlines.During the World Cup, our work across key assets required real-time responsiveness and adherence to precise standards. Expo 2023 demanded end-to-end involvement from planning to handover to ongoing support. These experiences strengthened our systems, broadened our technical depth, and reinforced the operational discipline that guides our daily work. Mosanada reports strong cash generation and a debt-free balance sheet. What underpins that strength? It’s the structure of the business. We operate under long-duration contracts that create predictability. Our model is asset-light, so we do not rely on heavy capital expenditure. And we apply tight operational controls supported by digital tools and measurable performance standards.This combination has supported consistent results over many years. For the financial year 2024, shareholders approved a dividend of QR42mn, equal to QR0.60 per share, payable to shareholders of record on February 8, 2026. It reflects the financial outcome of that year and the company’s underlying cash position. Trading in Mosanada’s shares begins on 15 December 2025. What should readers know as the company enters the market? Trading begins at 9.30am on December 15 through the direct listing mechanism on the Qatar Stock Exchange Main Market. All eligible investors with an active NIN will be able to purchase shares directly in the market.All shares carry the same rights, and the company’s founders retain 75% of the share capital with a one-year lock-up. More than 100 new investors now hold the remaining 25%, which supports liquidity from the first day of trading. It is a straightforward and transparent entry to the market. Looking ahead, what areas of the FM sector are evolving most rapidly, and how is Mosanada positioning itself within those changes? Facility management is becoming increasingly data-driven, with digital systems shaping how assets are monitored, maintained, and prioritised. Technical capabilities, compliance, and workforce development will also continue to be central themes across the industry.For Mosanada, these are areas we already work with closely. Much of our operating model relies on integrated systems, structured planning, and measurable outcomes. In the coming period, we will continue to evaluate strategic options that align with its operational strengths and long-term mandate.Our focus is straightforward: maintain the standards expected of the facilities we support, strengthen our teams, and apply technology where it meaningfully improves reliability and efficiency. As Mosanada enters this new phase as a listed company, what message would you share with your teams, partners, and new shareholders? This milestone is first and foremost a recognition of the people inside the company. Our teams support facilities that operate seven days a week, often behind the scenes, and their work is the foundation of Mosanada’s reputation.For our partners and clients, our priorities remain unchanged: disciplined operations, technical capability, and consistent delivery across every site. For new shareholders, the listing provides a transparent framework through which to follow the company’s progress. Mosanada has grown deliberately, and the same principles that shaped its first decade will guide its next chapter.
