Alpha Knowledge PJSC, a number one digital transformation supplier and system integrator within the UAE, has introduced the worth vary and the beginning of the subscription interval for its preliminary public providing (IPO) on the Abu Dhabi Securities Trade (ADX).
Key Particulars of the Providing:
- The supply value vary is about between AED 1.45 and AED 1.50 per share, valuing the corporate between AED 1.45 billion (US$ 395 million) and AED 1.50 billion (US$ 408 million).
- A complete of 400 million shares, every with a nominal worth of AED 0.03, can be accessible, representing 40% of Alpha Knowledge’s complete issued share capital.
- The Group is anticipated to distribute a AED 130 million dividend for 2025, implying a dividend yield of 8.7% – 9.0% based mostly on the supply value vary.
- All shares within the providing are current shares held by Bin Hamoodah Firm LLC and Ibbini Funding Firm LLC, who could regulate the supply measurement earlier than the subscription interval ends, topic to regulatory approval.
- The IPO includes a UAE Retail Providing (5% of the whole supply) for retail buyers and a Certified Investor Providing (95%) for skilled buyers outdoors the U.S., together with the UAE.
- The subscription interval runs from 20 February to 25 February 2025 for each retail {and professional} buyers.
- The ultimate supply value can be decided by means of a book-building course of and introduced on 26 February 2025.
- Itemizing on ADX is anticipated on or round 11 March 2025.
- The Inner Sharia Supervision Committee of Emirates NBD has confirmed the IPO’s compliance with Shariah ideas.
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