UAE tech firm Alpha Data sets up IPO price - and 8.7% dividend yield

26/02/2025 10:49 AST

The UAE tech company Alpha Data has set the IPO at Dh1.5 a share, which is at the higher end of the company's price range.

Most important, the dividend yield will work out to 8.7%, one of the highest on offer from listed UAE companies. The enterprise solutions provider is committed to paying Dh130 million for 2025.

Alpha Data had earlier set Dh1.45-Dh1.5 as the price range. (If it had opted for Dh1.45, the yield would have worked out to 9%.)

At Dh1.5 a share, the company will raise Dh600 million, and implying a market cap of Dh1.5 billion on listing.

"The offering attracted strong interest from investors across the UAE and the GCC as well as international investors, resulting in a double-digit oversubscription level," said a statement.

"I am thrilled with the strong demand we've seen from investors for Alpha Data's IPO," said Fayez Ibbini, founder and CEO of Alpha Data. "This is a testament to the market's confidence in our business model, strategic vision, and our standing as a homegrown UAE family business."

Already there is talk about the next UAE IPO, with the flag carrier Etihad Airways mentioned as a strong possibility in a media report.


Gulfnews

Most Viewed Companies

Ticker Price Volume

Valuation

ALPHADATA Sector Market
P/E
Price/BookValue

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
MBME 9.80 0.00 (0.00%)
PRESIGHT 3.72 -0.08 (-2.11%)
ALEFEDT 0.99 0.00 (0.00%)
PHX 0.70 0.00 (0.00%)
ASC 640.00 -13.00 (-2.00%)

Recent News

e& UAE unveils strategic blueprint for autonomous networks in AI era

23/06/2026

Leading UAE telecom services company e& has partnered with TM Forum to jointly release a new white paper titled 'The Path to Full Autonomy: e& UAE's Strategic Blueprint for Network Transformation in

Trade Arabia

Knowledge Economic City showcases $6.3bn Madinah vision at FHS 2026

23/06/2026

Knowledge Economic City (KEC), the publicly listed master developer leading Madinah's urban transformation, announced its participation as Strategic Partner at Future Hospitality Summit (FHS) Saudi A

Trade Arabia

Red Sea International unit lands MEP contract for Diriyah City project

23/06/2026

Saudi-based Red Sea International Company (RSI) has announced that its key subsidiary, The Fundamental Installation for Electric Work, has secured a key subcontract from Salini Saudi Arabia to delive

Trade Arabia

Umm Al Qura, Osus join hands for $266m residential project in Makkah

23/06/2026

Saudi-based Umm Al Qura for Development and Construction has announced that it has signed a land sale agreement with Osus Real Estate for three plots with planned investments of about SAR1 billion ($

Trade Arabia

Abu Dhabi healthcare group Burjeel launches $1.5b funding plan as it targets expansion

23/06/2026

Abu Dhabi healthcare provider Burjeel Holdings has set up a $1.5 billion Sukuk programme as it looks to raise funds from international capital markets and support its future expansion plans.

Gulfnews

logo

Financial Information Co.

Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2025, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap