CloudKitchens, led by former Uber CEO Travis Kalanick, is preparing for an IPO in the UAE or Saudi Arabia. With a $400 million investment from Saudi Arabia’s Public Investment Fund, the company aims to capitalize on the Middle East’s growing food delivery market, signaling strong investor interest in tech-driven ventures.
Alpha Data’s shares rose nearly 7% on debut after raising $163 million in its IPO. With a market cap of $408 million, the company is positioned for growth in the digital infrastructure sector. It also announced a high dividend yield of 8.7% for 2025, attracting both growth and income investors.
Ninja, a Saudi-based quick commerce firm, is in talks for a funding round at a valuation over $1 billion, with Riyad Capital leading the deal. The company, preparing for an IPO by 2027, operates in multiple Gulf countries and aims to expand further within the region’s growing e-commerce market.
Alpha Data, a UAE tech company, has announced its IPO offering 400 million shares at Dh0.03 each, set to list on ADX in March. With a 5% retail investor allocation, the IPO is expected to raise Dh130 million in dividends. Alpha Data has a strong track record in enterprise systems integration.
