Hey kids! Did you hear about Alpha Data? It's a tech company in the United Arab Emirates (UAE) that's going public! This means they're selling some of their company to become a publicly traded stock. This is a big deal because it's the first IPO (Initial Public Offering) of 2025 in the UAE!
- Alpha Data makes cool tech stuff like artificial intelligence (AI) and cloud services.
- They're selling a big part of their company to raise money.
- Investors are excited because Alpha Data is growing quickly and AI is very popular.
| Fact | Number |
|---|---|
| IPO price per share (in UAE Dirhams) | 1.50 |
| Total money raised (in millions of Dirhams) | 600 |
| Company valuation (in billions of Dirhams) | 1.5 |
| Expected dividend payout (in millions of Dirhams) | 130 |
