UAE tech firm Alpha Data to launch IPO and list shares on ADX

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Dubai: The UAE’s stock market is seeing more tech companies going public, and the latest one to join the list is Alpha Data. This well-known technology company is set to launch its Initial Public Offering (IPO) with 400 million shares, each priced at Dh0.03. Once the listing is complete, the company will be publicly traded on the Abu Dhabi Securities Exchange (ADX).

More Tech Companies Choosing IPOs
In recent years, several technology-focused companies have decided to go public in the UAE. The ADX already has Presight AI and Phoenix, while the Dubai Financial Market (DFM) recently welcomed Talabat, a popular food delivery platform. Now, with Alpha Data’s IPO, investors have another opportunity to invest in the growing technology sector.

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How the IPO Works
Alpha Data’s IPO will offer 5% of its shares to retail investors, meaning individuals who want to buy a stake in the company can do so. The rest of the shares will be allocated to larger investors, including institutions and businesses.

Dividend Plans for Shareholders
Investors will be happy to know that Alpha Data has a dividend plan in place. The company has announced that it will pay Dh130 million in dividends this year. The payments will be split into two parts, with one distribution happening in October and the other in April 2026.

More IPOs Expected in 2025
Many investors were eagerly waiting for the first IPO of 2025, and Alpha Data has now taken the lead. Experts also predict that Dubai’s government may privatize more companies this year, which means additional IPOs could be on the way.

A Strong History in Technology
Alpha Data was founded in 1981 and has built a strong reputation in the enterprise technology and systems integration sector. Over the years, it has worked on many prestigious projects for major companies, government organizations, and private businesses.

Today, Alpha Data serves more than 2,200 clients across different sectors, including government institutions. Fayez Ibbini, the founder and CEO, shared his thoughts on the company's growth, saying:
"We are expanding beyond the UAE, and we now have operations in Saudi Arabia and Qatar as well. This proves the potential of our business. We have a history of delivering quality work, which is why many big companies trust us as their long-term technology partner."

Key Details About the IPO

• Subscription Opens: February 20
• Subscription Closes: February 25
• Available for: Both UAE retail investors and institutional investors
• Offer Price: Will be finalized after the book-building process
• ADX Listing Date: March
• A Bright Future for Tech in the UAE

The IT sector in the UAE and the Gulf region is expected to grow even more in 2025. Many companies are focusing on artificial intelligence (AI) projects, and enterprise-level system integration remains in high demand. With multiple strong players in the market, Alpha Data is well-positioned to make a significant impact.

The company’s total share capital stands at Dh30 million, divided into 1 billion shares, each valued at Dh0.03.

Mohamed Omran Al Shamsi, the company’s prospective Chairman, spoke about what this IPO means for the company’s future:
"This IPO is a major milestone for Alpha Data. It will help us strengthen our position as a leading digital transformation provider. We will continue to improve our services and expand our offerings to support our customers in their digital journeys."

With Alpha Data entering the stock market, investors now have another opportunity to be part of the UAE’s rapidly growing tech industry.

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