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Alpha Data climbs on ADX market debut

Khaleej Times

|

March 12, 2025

Shares of Alpha Data, a leading digital transforma- tion provider and systems integrator in the UAE, on Tuesday rose 6.667 per cent on its listing on the Abu Dhabi Securities Exchange (ADX).

- Somshankar Bandyopadhyay

Alpha Data climbs on ADX market debut

Opening at Dh1.53, the stock rose to Dh1.63 before closing the day at Dh1.60.

This marks the UAE’s first IPO and ADX’s second offering in 2025.

Alpha Data’s IPO attracted strong demand from regional and international investors, with the offering oversubscribed by double digits. The company raised Dh600 million ($163 million) 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 Dh1.50 per share. Upon listing, Alpha Data’s market capitalisation stands at ap-proximately Dh1.5 billion ($408 million), underscoring its strong position in the UAE’s technology sector.

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Khaleej Times

Khaleej Times

Massive crowd, chaos preceded deadly stampede at India rally

Police file case against actor-politician Vijay’s aides after 9 children among 40 killed in stampede

time to read

2 mins

September 29, 2025

Khaleej Times

Dubai waterfront units can get up to 30% annual return

Waterfront projects can offer up to 30 per cent return annually to property buyers as a flurry of new projects have been launched to cater to the shortage of new units in these areas, as say property brokers and developers.

time to read

2 mins

September 29, 2025

Khaleej Times

Influencers push back against 'most distrusted profession' label

A survey naming influencers as the most distrusted profession has sparked pushback in the UAE, where creators and agencies argue the label oversimplifies a diverse and evolving industry.

time to read

3 mins

September 29, 2025

Khaleej Times

Khaleej Times

Move over Enola, Millie Bobby Brown to play Olympic gymnast

Stranger Things and Enola Holmes star Millie Bobby Brown is close to stepping into a new role that could take her career in a fresh direction.

time to read

1 min

September 29, 2025

Khaleej Times

One Battle After Another:

Every bit American as its flag

time to read

1 min

September 29, 2025

Khaleej Times

To treat prostate cancer, there are more options than ever

An estimated one in eight men will be diagnosed with prostate cancer in their lifetime, often after 65. And as terrifying as that number is, a diagnosis isn't always quite what it seems. Today, the vast majority of patients will survive the disease and a growing number of men are living out their lives without ever undergoing treatment.

time to read

4 mins

September 29, 2025

Khaleej Times

Khaleej Times

Dulquer Salmaan announces Lokah sequel with Tovino Thomas

After the resounding success of Lokah Chapter 1: Chandra, its makers have announced a sequel.

time to read

1 min

September 29, 2025

Khaleej Times

Khaleej Times

Kolkata's culinary icons are finding a home in Dubai

From dhaba-style mutton to biryani and phuchkas, legendary names like Azad Hind, Arsalan, and Aminia are giving the diaspora - and Dubai - a taste of home

time to read

4 mins

September 29, 2025

Khaleej Times

IPhone 17 Pro Max selling at over Dh500 premium

Prices of older iPhone models have dropped across UAE shops, but Apple's new iPhone 17 continues to sell above its official price.

time to read

1 min

September 29, 2025

Khaleej Times

60 people set off from Sicily on Gaza-bound 10-vessel flotilla

A flotilla of 10 vessels set off for Gaza from Sicily, southern Italy, on Saturday, with 60 people on board including elected officials from nine nations, said organisers.

time to read

1 min

September 29, 2025

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