Dubai: Alpha Data, a UAE tech company, is preparing for its Initial Public Offering (IPO), offering 400 million shares at Dh0.03 each. The company will list on the Abu Dhabi Securities Exchange (ADX), joining other tech-focused companies in the UAE going public. ADX already hosts firms like Presight and Phoenix, while the Dubai Financial Market (DFM) recently saw Talabat make the move from private to public.
Dividend plans
Alpha Data plans to distribute Dh130 million in dividends this year, with payments scheduled for October 2025 and April 2026. The market had anticipated a wave of IPOs in 2025, with expectations that more Dubai government-owned entities may follow suit.
IPO plans
Alpha Data’s IPO subscription opens from February 20 to February 25, available to both UAE retail and institutional investors. The offer price will be set after the book-building process, and shares are expected to debut on ADX in March.
Founded in 1981, Alpha Data has a strong history in enterprise technology and systems integration, handling numerous high-profile projects. The company currently works with over 2,200 clients in both the public and private sectors, including government institutions. Its expanding footprint now includes Saudi Arabia and Qatar, highlighting significant growth opportunities.
The UAE and Gulf’s IT sector is set for another successful year, driven by AI-related projects and strong demand for enterprise-level systems integration. Alpha Data, with its proven track record, is well-positioned to lead in this space. Alpha Data’s total issued share capital is Dh30,000,000, divided into 1 billion shares, each valued at Dh0.03.
“Our IPO marks a key moment for Alpha Data, allowing us to continue our growth as a leading provider of digital transformation services,” said Mohamed Omran Al Shamsi, the company’s prospective chairman. “We will keep expanding our offerings to stay at the forefront of our customers’ digital transformation journeys.”
