TECHx Media Alpha Data Lists on Abu Dhabi Securities Exchange After Successful IPO
Alpha Data Lists on Abu Dhabi Securities Exchange After Successful IPO
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Alpha Data PJSC, a digital transformation provider and system integrator in the UAE, has successfully commenced trading on the Abu Dhabi Securities Exchange (ADX) under the ticker ALPHADATA following its Initial Public Offering (IPO).
Fayez Ibbini, Founder and CEO of Alpha Data, expressed his excitement: 'Today marks a historic milestone for Alpha Data as we take our place as a listed company on ADX. This achievement reflects the dedication of our team, the trust of our customers, and the strength of our vision over the last 40 years. As a homegrown UAE company, we are thankful for the business-friendly environment established by our visionary leaders. As we enter this new chapter as a listed entity, we remain committed to innovation and delivering value to our shareholders, while continuing to make a lasting impact in our industry.'
The listing ceremony took place this morning on the ADX trading floor, marking the debut of Alpha Data's shares. The IPO, which was significantly oversubscribed, highlights investors' confidence in the company. This listing also marks a key milestone as Alpha Data is the first company to list on any exchange in the UAE in 2025.
A total of 400,000,000 shares, representing 40% of the company's total issued share capital, were made available in the offering. Priced at AED 1.50 per share—the top end of the announced range—the offering raised AED 600 million (approximately US$ 163 million), implying a market capitalization of AED 1.5 billion (around US$ 408 million).
For the financial year ending December 31, 2025, Alpha Data plans to distribute a dividend of AED 130 million in two equal installments in October 2025 and April 2026. The company also expects to distribute dividends semi-annually thereafter, with a minimum payout of 80% of net profit, subject to Board approval and availability of distributable reserves.
The IPO's success underscores the strength of Alpha Data's value proposition, particularly in the face of rapid advancements in artificial intelligence, which are creating new opportunities across various sectors. As a key player in digital transformation, Alpha Data is well-positioned to capitalize on these developments and continue its expansion in the UAE and other core markets.
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