UAE technology firm Alpha Data to proceed with IPO, listing on ADX

Dubai: The UAE tech company Alpha Data is the next UAE IPO, with an offering of 400 million shares at Dh0.03 a share. It will be listing on ADX, with the UAE seeing more technology focused entities willing to go the IPO way.

ADX already has presight and Phoenix, while the DFM recently saw the tech platform Talabat make the transition from private to public.

The Alpha Data float gives a 5% allocation to retail investors.

The company's dividend policy will see it pay Dh130 million this year, split over October and April 2026.

The market had been anticipating 2025's first set of IPOs, with expectations being that there will be more privatisation plays by Dubai government owned entities.

Formed in 1981, Alpha Data has a track record in enterprise technology and systems integration, having handled multiple prestigious projects over the years.

The Alpha Data IPO subscription opens February 20 and go up to February 25, for both UAE retail and institutional Investors.

Offer price will be finalised after the book building. Its ADX debut will be in March.

"We now work with over 2,200 companies across both the public and private sector, as well as government institutions," said Fayez Ibbini, founder and CEO of Alpha Data.

"Alpha Data’s expanding footprint, now including Saudi Arabia and Qatar, demonstrates the growth possibilities for the business. Alpha Data has a proven track record of delivering for clients, as a result it is now a long-term partner of choice for leading institutions and companies in the UAE and beyond."

The UAE and Gulf's IT scene at the enterprise level is forecast to have another good outing this year, as AI related projects work their way through the implementation pipeline. The local market has got multiple players - with proven track record - focusing on enterprise level systems integration.

Alpha Data's total issued share capital is Dh30,000,000 divided into 1 billion shares, with the nominal value of Dh0.03 each.

"Our IPO is an important and exciting moment for Alpha Data – enabling us to build on our success as a leading digital transformation provider," said Mohamed Omran Al Shamsi, Alpha Data's prospective Chairman.

"As a business, we will continue to enhance and expand our offering to ensure we remain at the forefront of our customer’s digital transformation journey."