Alpha Data, one of the leading digital transformation providers and system integrators in the UAE, on Thursday said it would sell 400 million shares with a nominal value of Dh0.03.
The company aims to list on the Abu Dhabi Securities Exchange.
All shares that will be offered for sale are existing shares held by Bin Hamoodah Company and Ibbini Investment Company who reserve the right to amend the size of the offering, subject to approval of the Securities & Commodities Authority.
The subscription period for both UAE retail and professional investors will open on February 20, 2025, and end on Tuesday, February 25, 2025.
