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Alpha Data aims to raise $163m from Abu Dhabi IPO
amid strong interest
to subscribe to the shares on offer in the first tranche, which will
make up 5 per cent of the IPO, while the remaining 95 per cent is
reserved for professional investors in the second tranche, the
company said.
Alpha Dhabi expects to distribute a dividend of Dh130 million in
2025.
The subscription period began on Thursday, February 20, and will
close on February 25. The final offer price is slated to be announced
on February 26 after a book-building process.
Alpha Data has been “encouraged by the strong interest” in its IPO,
which reflects the strength of the technology sector in the UAE,
founder and chief executive Fayez Ibbini said.
“Our IPO marks … an opportunity to invest in a home-grown UAE
family business with strong fundamentals underpinned by macro-
trends in the information and communications technology sector,
including the rapid growth of agentic artificial intelligence,” he said.
https://www.thenationalnews.com/business/markets/2025/02/20/alpha-data-aims-to-raise-
163m-from-abu-dhabi-ipo-amid-strong-interest/
