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 3.20 0.10 (3.22%)
PHX 1.09 0.08 (7.92%)
ALEFEDT 1.10 -0.01 (-0.91%)
ASC 139.00 0.00 (0.00%)

Recent News

Saudi Aramco offers spot crude supplies as Hormuz closure disrupts shipments: Report

10/03/2026

Saudi Aramco has offered immediate crude oil supplies as the ongoing conflict and closure of the Strait of Hormuz disrupt shipments and force trade flows to be rerouted through the Red Sea.

Saudi Gazette

SABs ranked first across all categories in the Euromoney Global Trade Finance Solutions Awards

10/03/2026

Saudi Awwal Bank (SAB), one of the leading banks in the Kingdom of Saudi Arabia, has achieved the top global ranking across all categories in the Euromoney Global Trade Solutions Awards under its new

Saudi Gazette

Alba promotes Shoji Takeuchi to lead Asia Pacific sales

10/03/2026

Aluminium Bahrain (Alba), the world's largest aluminium smelter on one site, announced the promotion of Shoji Takeuchi to Manager Sales - Asia Pacific, as part of its ongoing efforts to strengthen it

Trade Arabia

Nebras Energy embarks on strengthening global presence

10/03/2026

Nebras Energy is enhancing its global presence, even as it strengthens domestic operations through higher generating capacity stations and replacing older, lower-efficiency stations with newer and mo

Gulf Times

Ooredoo AGM approves QR0.75 dividend distribution

10/03/2026

Shareholders of Ooredoo have approved the board of directors' recommendation to distribute a cash dividend of QR0.75 per share during its Annual General Meeting, presided over Sheikh Faisal bin Thani

Gulf Times

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