• Alpha Data raised AED 600 million through a double digit oversubscribed IPO, with a market cap of AED 1.5 billion upon listing.
• Listing reinforces ADX’s position as a diversified market; expands its technology offering with companies in Artificial Intelligence (AI), Big Data, and Cloud Computing.

Abu Dhabi, United Arab Emirates – The Abu Dhabi Securities Exchange (ADX), the second-largest exchange in the Middle East, today welcomed the successful listing of Alpha Data, a leading digital transformation provider and systems integrator in the UAE. This marks the UAE’s first IPO and the Exchange’s second offering in 2025, reinforcing the Exchange’s commitment to broadening the market and offering diversified investment opportunities.

Alpha Data’s IPO attracted strong demand from regional and international investors, with the Offering oversubscribed by double digits. The company raised AED 600 million (USD 163 million) through the issuance of 400 million shares, representing 40% of its issued share capital, at the top end of its offer price of AED 1.50 per share. Upon listing, Alpha Data’s market capitalization stands at approximately AED 1.5 billion (USD 408 million), underscoring its strong position in the UAE’s technology sector.

The listing underscores ADX’s commitment to supporting the UAE’s tech industry by attracting high-growth companies in future-focused fields such as AI, the Internet of Things (IoT), Big Data, and Cloud Computing. Through its deep and dynamic capital market, ADX provides companies with efficient access to growth capital, supporting their expansion and innovation while reinforcing its role in driving economic diversification and technological advancement.

Commenting on the listing, Abdulla Salem Alnuaimi, Group Chief Executive Officer of ADX, said: "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. As ADX continues to expand its offering, we are creating greater opportunities for investors to participate in the digital economy.

The listing of Alpha Data—an industry leader in AI, Big Data, and Cloud solutions— is an extension of the ADX Group’s efforts in enabling pioneering businesses to drive innovation and support Abu Dhabi’s economic transformation.  As a key enabler of sustainable growth and capital market development in the region, we will continue to support more private companies to achieve their growth ambitions via the ADX listing platform."

Fayez Ibbini, Founder and CEO of Alpha, commented: "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. We look forward to continue driving digital transformation and delivering exceptional value to our shareholders as we step into this new era."

ADX’s has recently announced the recent launch of ADX Group, which has established advanced trading, clearing, and settlement capabilities through its new subsidiaries, AD Clear and AD CSD. These developments create a more dynamic and efficient marketplace for issuers and investors, cementing Abu Dhabi’s status as a leading global financial center.

About Abu Dhabi Securities Exchange

Abu Dhabi Securities Exchange (ADX) was established on November 15, 2000, by Local Law No. (3) Of 2000, the provisions of which vest the market with a legal entity of autonomous status, independent finance and management.  The Law also provides ADX with the necessary supervisory and executive powers to exercise its functions. On March 17, 2020, ADX was converted from a "Public Entity" to a "Public Joint Stock Company PJSC" pursuant to law No. (8) of 2020. ADX is part of ADQ, one of the region's largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi's diversified economy.

ADX is a market for trading securities; including shares issued by public joint stock companies, bonds issued by governments or corporations, exchange traded funds, and any other financial instruments approved by the UAE Securities and Commodities Authority (SCA). ADX is the second largest market in the Arab region and its strategy of providing stable financial performance with diversified sources of incomes is aligned with the guiding principles of the UAE "Towards the next 50" agenda. The national plan charts out the UAE's strategic development scheme which aims to build a sustainable, diversified and high value-added economy that positively contributes to transition to a new global sustainable development paradigm.    

For more information, please contact:
ADX
Abdulrahman Saleh ALKhateeb
Manager of Corporate Communication
Email: ALKhateebA@adx.ae

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