Khaled witnesses strategic agreement of DCT Abu Dhabi, Nova Sky Stories, Analog

His Highness Sheikh Khaled Bin Mohamed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has witnessed the signing of a strategic partnership agreement between the Department of Culture and Tourism - Abu Dhabi (DCT Abu Dhabi), Colorado-based Nova Sky Stories, and Abu Dhabi-headquartered Analog, an Emirati company, specialised in physical intelligence and mixed reality.

Through this multi-year partnership agreement, Abu Dhabi is set to launch a pioneering initiative that will integrate cutting-edge drone technology into large-scale immersive storytelling, further solidifying its position as a global hub for innovation in culture and entertainment.

The synchronised drone performances will create artistic narratives across multiple iconic locations, weaving together the emirate’s rich heritage and dynamic future.

It will introduce the world’s most advanced fleet of 10,000 light-show drones, a first-of-its-kind initiative in the region, blending cultural narratives with advanced drone technology to create immersive experiences.

Mohamed Khalifa Al Mubarak, Chairman of DCT Abu Dhabi, said, “By harnessing innovative technologies, we are finding new and immersive ways to share our vision and culture with the world. At the intersection of creativity and entertainment, this partnership with Nova Sky and Analog will challenge convention, raising the bar for what residents and visitors can experience.

These visual spectacles reinforce Abu Dhabi’s leading position in entertainment innovation, delivering experiential and memorable moments for all.” Kimbal Musk, CEO and Co-Founder of Nova Sky Stories, said, “We are excited to be part of this partnership with DCT Abu Dhabi. With this pioneering initiative, Abu Dhabi is at the forefront of embracing innovation and will have the largest fleet of the most advanced light drones in the world for storytelling and entertainment. Nova empowers the world’s greatest artists and musicians to bring their art to the sky and we cannot wait to show the world what is possible with a fleet this size.”

Alex Kipman, Founder and CEO of Analog, said: “Abu Dhabi’s skyline is set to become a dynamic canvas for storytelling. We are painting holographic stories in the sky, fusing tradition with next-generation technology so audiences can feel that spark of wonder only possible when imagination meets reality.

At Analog, we exist to birth new realities, and in partnership with Nova Sky Stories, DCT Abu Dhabi is reimagining what entertainment can be-one that honours Abu Dhabi’s heritage and sets the bar for immersive experiences worldwide.” Powered by real-time synchronisation and adaptive intelligence, these dynamic drone formations will reimagine the possibilities of live entertainment, making Abu Dhabi’s skyline an evolving canvas for innovation.

Alpha Data’s listing: The Abu Dhabi Securities Exchange (ADX), the second-largest exchange in the Middle East, today welcomed the successful listing of Alpha Data, a leading digital transformation provider and systems integrator in the UAE.

This marks the UAE’s first IPO and the Exchange’s second offering in 2025, reinforcing the Exchange’s commitment to broadening the market and offering diversified investment opportunities.

Alpha Data’s IPO attracted strong demand from regional and international investors, with the Offering oversubscribed by double digits.

The company raised Dhs600 million (US$163 million) through the issuance of 400 million shares, representing 40% of its issued share capital, at the top end of its offer price of Dhs1.50 per share.

Upon listing, Alpha Data’s market capitalisation stands at approximately Dhs1.5 billion (US$408 million), underscoring its strong position in the UAE’s technology sector.

The listing underscores ADX’s commitment to supporting the UAE’s tech industry by attracting high-growth companies in future-focused fields such as AI, the Internet of Things (IoT), Big Data, and Cloud Computing.

Through its deep and dynamic capital market, ADX provides companies with efficient access to growth capital, supporting their expansion and innovation while reinforcing its role in driving economic diversification and technological advancement.

Commenting on the listing, Abdulla Salem Alnuaimi, Group Chief Executive Officer of ADX, said, “We are delighted to welcome Alpha Data to ADX as the UAE’s first IPO of 2025 and our second offering during the year. This milestone reflects our unwavering commitment to providing investors with access to a dynamic and diversified marketplace, particularly in the high-growth digital infrastructure and technology sector. As ADX continues to expand its offering, we are creating greater opportunities for investors to participate in the digital economy.

The listing of Alpha Data-an industry leader in AI, Big Data, and Cloud solutions- is an extension of the ADX Group’s efforts in enabling pioneering businesses to drive innovation and support Abu Dhabi’s economic transformation.

As a key enabler of sustainable growth and capital market development in the region, we will continue to support more private companies to achieve their growth ambitions via the ADX listing platform.” Fayez Ibbini, Founder and CEO of Alpha, commented, “We are incredibly proud to join the Abu Dhabi Securities Exchange as a homegrown UAE family business after seeing strong demand and support for our strategic vision during our IPO.

Our listing marks an exciting new chapter for Alpha Data and is more than just a milestone in our 40-year journey of growth and innovation; it’s a commitment to our shareholders and the broader market to keep delivering growth and champion technological developments. We look forward to continue driving digital transformation and delivering exceptional value to our shareholders as we step into this new era.”

ADX’s has recently announced the recent launch of ADX Group, which has established advanced trading, clearing, and settlement capabilities through its new subsidiaries, AD Clear and AD CSD. These developments create a more dynamic and efficient marketplace for issuers and investors, cementing Abu Dhabi’s status as a leading global financial centre.

WAM