• Alpha Data, a digital transformation company, has announced its intention to list 40% of its shares on the Abu Dhabi Securities Exchange, marking it as the first company to go public in the capital's market this year. The subscription period is expected to begin this month, pending regulatory approvals, with the listing anticipated in March 2025. The company aims to distribute dividends of 130 million dirhams for 2025, reflecting a commitment to return value to shareholders while maintaining a payout ratio of at least 80% of net profits, contingent on various financial factors.

• The IPO comes at a time when the Gulf Cooperation Council (GCC) region is witnessing a surge in market activity, with significant interest in new listings. This trend is underscored by the recent performance of other companies in the region, such as the Dubai Electricity and Water Authority, which reported record revenues. Alpha Data's move could attract investor interest and set a precedent for future IPOs in the UAE, especially as the market continues to recover and expand.