Alpha Data, a prominent UAE-based digital transformation and system integration firm, has announced its intention to list 40% of its shares on the Abu Dhabi Securities Exchange (ADX). The offering comprises 400 million shares, each valued at Dh0.03, representing 40% of the company’s issued share capital. The shares are sold by existing shareholders, Bin Hamoodah Company and Ibbini Investment Company, who retain the right to adjust the offering size before the subscription period concludes.
The subscription window is scheduled from February 20 to 25, 2025, targeting UAE retail and professional investors. The final offer price will be established through a book-building process during this period, with trading on ADX anticipated to commence in March 2025.
In 2024, Alpha Data reported revenues of Dh2.3 billion and a net profit of Dh127 million. The company plans to distribute a dividend of Dh130 million for the financial year ending December 31, 2025, payable in two equal instalments in October 2025 and April 2026. Subsequent dividends are expected to be distributed semi-annually, with a minimum payout of 80% of net profit.
Established in 1981, Alpha Data has expanded its operations to over 2,200 institutions across various sectors, including energy, banking, education, healthcare, and government entities. The firm has also extended its presence to Saudi Arabia and Qatar.
