Alpha Data Announces IPO Plans, Listing on ADX
Alpha Data to Offer 400 Million Shares in Market Debut
Alpha Data, a prominent UAE-based technology company, has announced plans to go public by launching an initial public offering (IPO) on the Abu Dhabi Securities Exchange (ADX). The offering will consist of 400 million shares, each priced at Dh0.03. This move reflects the increasing number of tech-driven enterprises in the UAE opting for public listings to fuel growth and expand their market presence.
Several technology firms have already taken similar steps, with Presight and Phoenix making their debuts on ADX, while Talabat recently transitioned from private to public on the Dubai Financial Market (DFM). Alpha Data’s IPO will also include a 5% allocation specifically for retail investors, encouraging wider participation from the general public.
Dividend Plans and Industry Expectations
As part of its financial strategy, Alpha Data has outlined a dividend policy that will distribute Dh130 million in total. These payments are scheduled in two phases—one in October 2025 and another in April 2026. This approach aligns with investor expectations as the market has been anticipating the first set of IPOs for 2025. The company’s public offering comes amid speculation that additional privatization efforts may emerge from Dubai’s government-owned enterprises, further stimulating the region’s financial markets.
Alpha Data, established in 1981, has built a strong reputation in enterprise technology and systems integration. Over the years, the firm has successfully executed numerous high-profile projects, cementing its position as a leading provider of IT solutions in the region.
IPO Subscription and Expansion Plans
The IPO subscription period will be open from February 20 to February 25, catering to both retail and institutional investors in the UAE. The final offering price will be determined following the completion of the book-building process. Alpha Data is expected to make its official debut on the ADX trading platform in March 2025.
Founder and CEO Fayez Ibbini emphasized the company’s expansive reach, noting that Alpha Data currently serves over 2,200 clients across public and private sectors, as well as various government institutions. The company’s growing footprint now includes operations in Saudi Arabia and Qatar, underscoring its regional expansion plans. Ibbini highlighted that Alpha Data’s history of delivering successful projects has positioned it as a long-term trusted partner for leading institutions in the UAE and beyond.
Strong Market Prospects in Enterprise IT
The IT sector in the UAE and the broader Gulf region is poised for significant growth in 2025, fueled by increasing demand for AI-driven solutions and digital transformation initiatives. Several large-scale AI-related projects are currently progressing through their implementation stages, offering ample opportunities for companies specializing in enterprise-level technology solutions.
The UAE market is home to multiple well-established players in enterprise IT, many of whom have demonstrated a strong track record in systems integration. Alpha Data, with its longstanding expertise, is strategically positioned to benefit from these emerging opportunities and expand its influence within the industry.
The company’s total issued share capital is valued at Dh30,000,000, divided into 1 billion shares, each with a nominal value of Dh0.03. As Alpha Data prepares to transition into a publicly listed entity, Mohamed Omran Al Shamsi, the company’s prospective chairman, emphasized the importance of this milestone. He described the IPO as a pivotal moment that will enable Alpha Data to build on its success as a premier digital transformation provider. The company remains dedicated to continuously enhancing its solutions, ensuring it stays at the forefront of enterprise technology advancements.
Strengthening the UAE’s Digital Transformation Landscape
Alpha Data’s IPO aligns with the UAE’s broader vision of strengthening its technology ecosystem and accelerating digital transformation efforts. As businesses increasingly invest in cloud computing, artificial intelligence, and cybersecurity, the demand for robust enterprise IT solutions continues to rise. The IPO provides Alpha Data with additional capital to expand its service offerings, enhance technological capabilities, and support digital innovation across various industries.
With a proven track record of successful projects and strong industry partnerships, Alpha Data is set to leverage its IPO to reinforce its market leadership. By listing on ADX, the company not only gains access to a larger pool of investors but also enhances its credibility in the evolving technology landscape. The upcoming listing will mark a new phase of growth, positioning Alpha Data for sustained success in the digital era.
The firm’s decision to go public highlights the increasing confidence in the region’s financial markets and the growing appetite for technology-focused investments. As more enterprises prioritize digital transformation, Alpha Data’s IPO is expected to attract significant interest from both institutional and retail investors, further solidifying its role as a key player in the UAE’s technological evolution.
