UAE tech company Alpha Data is preparing for its Initial Public Offering (IPO), offering 400 million shares at Dh0.03 per share. The company will list on the Abu Dhabi Securities Exchange (ADX), following in the footsteps of other technology firms like Presight and Phoenix. Alpha Data’s IPO will allocate 5% of shares to retail investors and is expected to open from February 20 to February 25 for both retail and institutional investors. The offer price will be finalized after the book building process, with its ADX debut slated for March.
The company, established in 1981, has built a strong reputation in enterprise technology and systems integration, handling prestigious projects over the years. Alpha Data’s expanding presence in Saudi Arabia and Qatar highlights its growth prospects. The company’s dividend policy will see it pay Dh130 million this year, with payments in October and April 2026.
Fayez Ibbini, founder and CEO of Alpha Data, emphasized the company’s extensive reach across both public and private sectors, while Mohamed Omran Al Shamsi, the prospective Chairman, expressed excitement about the IPO as a key milestone in Alpha Data’s ongoing digital transformation journey. With the UAE’s technology sector poised for growth, Alpha Data’s listing will further position the company as a leader in the enterprise digital transformation space.
