Page 135 - ALEF EDUCATION PR REPORT FEBRUARY 2025

3/12/25, 3:38 PM Alpha Data raises $163m from Abu Dhabi IPO | The National
Alpha Data shares are expected to begin trading on the ADX on or around March 11 under the ticker

symbol “ALPHADATA”, it said.

The company, which has a total issued share capital of Dh30 million, expects to distribute a

dividend of Dh130 million in 2025.

The “strong demand” for Alpha Data's IPO is “a testament to the market’s confidence in our

business model, strategic vision and our standing as a home-grown UAE family business”, Fayez
Ibbini, founder and chief executive of Alpha Data, said.

Alpha Data, established in 1981, is the latest company seeking to sell shares to the public amid a

listing boom driven by robust investor demand for new issues.

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