Alpha Data, a homegrown powerhouse in digital transformation and IT solutions, has announced its highly anticipated Initial Public Offering (IPO) on the Abu Dhabi Securities Exchange (ADX). The company is putting 400 million shares—equivalent to 40% of its total capital—up for grabs, giving investors a golden opportunity to be part of the UAE’s booming tech sector.
Founded in 1981, Alpha Data has grown into a regional leader in IT infrastructure, AI, cloud computing, cybersecurity, and managed services. With over 1,500 employees and 2,200+ customers across the UAE, Saudi Arabia, and Qatar, the firm has built a strong market presence. This IPO marks a pivotal shift in Alpha Data’s journey, transitioning from a family-owned business to a professionally managed enterprise, setting the stage for faster growth and strategic expansion.
The offering, managed through a book-building process, aims to attract institutional and retail investors eager to capitalize on the region’s rapid digital transformation. Existing shareholders, Bin Hamoodah Company and Ibbini Investment Company, will be selling the shares, retaining the right to adjust the offering size before the subscription period ends. Trading is expected to begin in March 2025, generating significant market buzz.
Financially, Alpha Data is on an upward trajectory. The company reported a net profit of Dh127 million in 2024, with revenues soaring to Dh2.3 billion from Dh1.3 billion in 2021. This impressive growth, coupled with a robust dividend policy—promising Dh130 million for 2025—makes the IPO an attractive prospect for investors seeking strong returns.
Industry analysts believe Alpha Data’s listing is perfectly timed, as the Gulf’s IPO market remains hot. With the region’s tech sector growing exponentially, the company is poised to capitalize on increasing demand for digital solutions. Investors are now eagerly awaiting the final price range, with expectations that a valuation near the sector’s P/E ratio of 14 could drive strong demand.
Alpha Data’s IPO isn’t just a stock offering—it’s a front-row ticket to the future of tech in the UAE! 🚀📊
