Page 157 - ALEF EDUCATION PR REPORT FEBRUARY 2025

Alpha Data plans Abu Dhabi IPO amid

digital transformation boom

Technology services provider aims to float 400 million shares on Abu Dhabi bourse

Alpha Data expects to begin trading on the Abu Dhabi Securities Exchange in March. Victor Besa /
The National

February 13, 2025

Alpha Data, an Abu Dhabi-based digital transformation services provider, plans to list 40 per cent of
its issued share capital on the capital's bourse, amid economic momentum and a listing boom in
the UAE.
Bin Hamoodah Company and Ibbini Investment, the selling shareholders, aim to offer 400 million
shares, with a nominal value of Dh0.03 ($0.008) per share, through an initial public offering on the
Abu Dhabi Securities Exchange, the companies said on Thursday.

Alpha Data, which was established in 1981, has a total issued share capital of Dh30 million.

The subscription period will run from February 20 to 25, and the final offer price on the deal will be
determined through book-building. The selling shareholders have reserved the right to amend the
size of the offering and expect Alpha Data to begin trading on the ADX in March.

Retail and other UAE investors will be able to subscribe to the shares on offer in the first tranche,
while the second tranche is reserved for professional investors, Alpha Data said without giving the

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