UAE technology services firm Alpha Data said on Thursday it plans to list on the Abu Dhabi Securities Exchange (ADX), offering 400 million shares, equal to 40% of its capital. The offering consists entirely of existing shares held by investors Bin Hamoodah and Ibbini Investment,

Alpha Data, an Abu Dhabi-based digital transformation services provider, plans to list 40 per cent of its issued share capital on the capital's bourse, amid economic momentum and a listing boom in the UAE.

Alpha Dhabi has also reinforced its balance sheet with total assets standing at AED 177.5 billion, a 26% increase YoY, while the company's cash balance as of the year ending December 2024 was AED 28.8 billion. Total equity was at AED 92.3 billion, underscoring the depth and agility of its financial position.