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percentages of shares reserved for each tranche. The Emirates Investment Authority will be able to
subscribe to up to 5 per cent of the offering, it added.

Alpha Data employs more than 1,500 staff, providing ICT solutions for thousands of organisations,
according to its website. Its portfolio includes services for artificial intelligence, mobility, security,
the Internet of Things, big data and the cloud.

Its public float aims to support digital strategies in the countries it operates and boost the
contribution of technology to national economies, Mohamed Al Shamsi, Alpha Data's prospective
chairman, said.
The IPO enables the company to "build on our success as a leading digital transformation provider",
he said "As a business, we will continue to enhance and expand our offering."

Alpha Data is the latest company seeking to sell shares to the public amid a listing boom driven by
robust investor demand for new issues.

The continued economic momentum in the UAE, the Arab world's second-largest economy, has
also boosted listings across sectors on both Abu Dhabi bourse and the Dubai Financial Market.

Alpha Data's planned listing follows a string of IPOs over the past year. Talabat Holding, the Middle
Eastern unit of Germany's food delivery platform Delivery Hero, raised Dh7.5 billion in November, in

https://www.thenationalnews.com/business/markets/2025/02/13/alpha-data-pjsc-abu-dhabi-ipo/