UAE's Alpha Data Set to Raise Up to $163 Million in IPO

Alpha Data LLC, a leading digital transformation provider and system integrator in the UAE, has announced its intention to raise up to $163 million through an initial public offering (IPO) on the Abu Dhabi Securities Exchange (ADX). The IPO, which is expected to take place in March 2025, will offer 400 million shares, representing 40% of the company's share capital, at a price to be determined through a book-building process.

Alpha Data's IPO comes at a time of strong investor interest in the UAE's digital transformation sector, with the ADX witnessing significant growth in recent months. The exchange saw two IPOs in Q4 2024, raising a combined $2 billion, and a direct listing of Mair Group. In Dubai, the DFM had one new listing in Q4, Talabat Holding plc, raising $2 billion.

Alpha Data's CEO, Fayez Ibbini, stated that the IPO reflects the company's commitment to operational excellence, sustainable development, and innovation. The proceeds from the IPO will be used to expand the company's regional presence, invest in cutting-edge technologies, and enhance its service offerings.

Alpha Data operates across three key business verticals: solutions, services, and talent. The company delivers tailored IT solutions by integrating advanced technologies, including cybersecurity, cloud, AI, big data, and automation, to meet customer needs. Its comprehensive range of ICT services supports clients in the implementation and management of IT infrastructure, with a focus on 'everything-as-a-service' strategy. Alpha Data's subsidiary, Alpha Data Recruitment, provides specialized IT personnel, tailored recruitment services, and headhunting for permanent roles.



Alpha Data's IPO is expected to attract investors interested in participating in the UAE's digital transformation sector. The company's strong market position, reputable shareholders, and well-structured book-building process reflect confidence in its growth potential. However, investors will likely focus on the expected price band and valuations at the top end of the range for Alpha Data's IPO to determine its competitiveness in the market.

In conclusion, Alpha Data's IPO marks a significant milestone for the company and the UAE's digital transformation sector. With a strong market position, robust dividend policy, and expansion plans, Alpha Data is well-positioned to capitalize on the region's attractive and fast-growing market. Investors should closely monitor the IPO's progress and consider the potential risks and opportunities associated with investing in the company.