Alpha Data, a pioneering UAE technology company, has announced its initial public offering (IPO) of 400 million shares priced at Dh0.03 per share on the Abu Dhabi Securities Exchange (ADX). This move marks another significant development in the UAE’s growing technology sector IPO landscape.
IPO Structure and Timeline
The company plans to float 40% of its shares, with 5% specifically allocated to retail investors. The subscription period runs from February 20 to February 25, 2025, open to both UAE retail and institutional investors. The final offer price will be determined through a book-building process, with the ADX debut scheduled for March 2025.
Dividend Strategy
Alpha Data has outlined a clear dividend distribution plan, committing to pay Dh130 million in 2025. The payments will be distributed across two installments – October 2025 and April 2026.
Company Background and Market Position
Founded in 1981, Alpha Data has established itself as a leading force in enterprise technology and systems integration. The company currently serves over 2,200 clients across public, private, and government sectors.
Fayez Ibbini, founder and CEO of Alpha Data, highlighted the company’s expansion: “Our presence now extends into Saudi Arabia and Qatar, showcasing our business growth potential. We’ve built lasting partnerships with leading institutions across the UAE and beyond.”
Market Context and Growth Prospects
The UAE and Gulf’s enterprise IT sector anticipates strong performance in 2025, particularly with increasing artificial intelligence project implementations. Alpha Data’s position in systems integration at the enterprise level aligns with this market direction.
Financial Structure
The company’s total issued share capital stands at Dh30,000,000, divided into 1 billion shares with a nominal value of Dh0.03 each.
Mohamed Omran Al Shamsi, Alpha Data’s prospective Chairman, stated: “This IPO marks a crucial milestone for Alpha Data. We’re committed to expanding our services and maintaining our position as a leading digital transformation provider.”
Market Significance
This IPO adds to ADX’s growing technology sector, which already includes Presight and Phoenix, while DFM recently welcomed Talabat’s public listing. The market anticipates additional IPOs in 2025, particularly from Dubai government-owned entities.
This article was last updated on February 13, 2025
JobXDubai 
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