The UAE’s tech scene just witnessed a major shake-up as Alpha Data made its grand entrance onto the Abu Dhabi Securities Exchange (ADX), turning heads with a Dh600 million IPO. Investors were all in on the action, pushing shares up 5.5% right out of the gate—a sign that Alpha Data isn’t just another tech company, but a power player in the market.
This debut wasn’t just any listing; it was oversubscribed, meaning demand for Alpha Data’s shares skyrocketed beyond expectations. The overwhelming investor interest speaks volumes about market confidence in the company’s growth potential and its role in shaping the UAE’s digital future. The company’s market capitalization now stands at Dh1.5 billion, firmly positioning it as a rising giant in the industry.
But Alpha Data isn’t stopping at a successful IPO. The company has big plans for investor returns, announcing semi-annual dividends starting with a massive Dh130 million payout in 2025. This move isn’t just about keeping shareholders happy—it’s a clear signal that Alpha Data is here to deliver long-term value while aggressively expanding its market influence.
For over 40 years, Alpha Data has been a tech powerhouse, pioneering IT solutions and driving digital transformation across various industries. Now, with its ADX listing, the company has entered an entirely new phase of growth, with the firepower to scale, innovate, and dominate.
The UAE’s stock market continues to heat up, and Alpha Data’s debut is just another sign that the region’s tech sector is booming. With strong investor backing, strategic expansion plans, and a commitment to rewarding shareholders, Alpha Data is set to become a game-changer in the digital economy.
This isn’t just an IPO—it’s a statement. Alpha Data has arrived on ADX, and it’s here to stay, grow, and lead. Buckle up, because this tech titan’s journey is just getting started! 🚀💰
