"Abu Dhabi Securities" He welcomes the inclusion of Alpha Data

Abu Dhabi, March 11 / WAM / The Abu Dhabi Securities Market, the second largest financial market in the Middle East, welcomed the inclusion of Alpha Data for solutions, digital transformation and regulations integration in the UAE.
This is the first initial public subscription in the UAE and the second offering in the Abu Dhabi Securities Market in the year 2025, which enhances the market’s commitment to expanding its investment offers and providing various investment opportunities.
Alfa Data’s launch was attracted by local, regional and international investors, as Alpha Data launched 400 million ordinary shares, which represents 40% of the company’s source capital.
The final price of the first offering shares of Alpha Data was set at 1.50 AED per share, that is, at the upper limit of the announced price.
The subscription exceeded the target value with a dual number, which raised the outcome of the offering revenues to 600 million dirhams “equivalent to about 163 million dollars”, and the market value of Alfa Data at the list was about 1.5 billion dirhams of dirhams “, equivalent to about 408 million dollars”, which reflects the company’s important position and reliability in its sector.
This listing confirms the commitment of the Abu Dhabi Securities Market to support the technology sector in the United Arab Emirates by providing the ideal investment environment for high growth companies in areas that focus on future growth such as artificial intelligence, the Internet of Things, huge data and cloud computing.
Through an organized and dynamic framework, the Abu Dhabi Securities Market provides companies with the ability to reach capital in order to achieve growth, which supports its expansion and stimulates its innovation, and also enhances its role in advancing economic diversity and technological progress.
Abdullah Salem Al Nuaimi, CEO of Abu Dhabi Stock Exchange Group said that the listing of Alpha Data in the Abu Dhabi Securities Market is the first initial public subscription in the United Arab Emirates in the year 2025 and the second of our launch this year, and this achievement reflects our firm commitment to enhancing access to a dynamic and varied market, especially in the high -growth digital infrastructure and technology sector.
He added that while the Abu Dhabi Securities Market continues its efforts to expand its offers, we are making more and varied investment opportunities for investors to contribute to the digital economy.
He continued that the inclusion of Alpha Data, operating in the field of artificial intelligence, huge data, and cloud computing solutions, is in line with the efforts of the Abu Dhabi Securities Market Group in enabling the leading companies to advance innovation and support the economic transformation in Abu Dhabi.

For his part, Fayez Albini, founder and CEO of Alpha Data said that this inclusion is a milestone in our achievement record that we started 40 years ago, during which we worked to support our growth and enhance innovation, and we are entering a new and exciting chapter for Alpha Data, we continue our commitment to our shareholders and the market in a broader concept, in order to continue supporting growth and consolidating a pioneering role in technological development.

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