Alpha Data debuts on ADX, raises Dhs600m from IPO

The Abu Dhabi Securities Exchange (ADX) welcomed the listing of Alpha Data, a leading UAE-based digital transformation provider and systems integrator, marking the country’s first initial public offering (IPO) of 2025 and the exchange’s second offering of the year.

Alpha Data’s IPO attracted strong demand from regional and international investors, with the offering oversubscribed by double digits. The company raised Dhs600m through the issuance of 400 million shares, representing 40 per cent of its issued share capital, at the top end of its offer price of Dhs1.50 per share.

Upon listing, Alpha Data’s market capitalisation stood at approximately Dhs1.5bn, reinforcing its strong position in the UAE’s technology sector.

The listing strengthens ADX’s position as a diversified market, expanding its technology offerings with companies specialising in artificial intelligence (AI), big data, and cloud computing.

The exchange continues to enhance its role as a platform for high-growth enterprises seeking access to capital markets.

Alpha Data is ADX’s second offering during the year

“We are delighted to welcome Alpha Data to ADX as the UAE’s first IPO of 2025 and our second offering during the year. This milestone reflects our unwavering commitment to providing investors with access to a dynamic and diversified marketplace, particularly in the high-growth digital infrastructure and technology sector,” said Abdulla Salem Alnuaimi, group CEO of ADX. “As ADX continues to expand its offering, we are creating greater opportunities for investors to participate in the digital economy.”

“As a key enabler of sustainable growth and capital market development in the region, we will continue to support more private companies in achieving their growth ambitions via the ADX listing platform,” Alnuaimi added.

Fayez Ibbini, founder and CEO of Alpha Data, said: “We are incredibly proud to join the Abu Dhabi Securities Exchange as a homegrown UAE family business after seeing strong demand and support for our strategic vision during our IPO. Our listing marks an exciting new chapter for Alpha Data and is more than just a milestone in our 40-year journey of growth and innovation; it’s a commitment to our shareholders and the broader market to keep delivering growth and champion technological developments.”

ADX recently launched ADX Group, which has introduced advanced trading, clearing, and settlement capabilities through its new subsidiaries, AD Clear and AD CSD.

Read: New ADX Group to boost Abu Dhabi’s investment ecosystem