man-walking-in-front-of-modern-building

We own European value before the market reprices it.

We own European value before the market reprices it.

We own European value before the market reprices it.

Listing

Listing

Cross-Listing

Cross-Listing

ISIN

ISIN

BSE · ALFB

BSE · ALFB

XETRA · IN PROGRESS

XETRA · IN PROGRESS

BG1100038097

BG1100038097

Alpha Bulgaria AD is a publicly listed company on the Bulgarian Stock Exchange and the public-market anchor of an expanding ecosystem spanning capital deployment, regulated brokerage and custody, real-asset development, and tokenized finance.


Alpha Bulgaria AD is a publicly listed company on the Bulgarian Stock Exchange and the public-market anchor of an expanding ecosystem spanning capital deployment, regulated brokerage and custody, real-asset development, and tokenized finance.


6 Core Investment
Sectors

€80M

€80M

Indicative Market
Capitalisation

Indicative Market
Capitalisation

Market capitalisation changes with the market price of ALFB. Refer to the BSE issuer profile for current market information.

€13.3M

€13.3M

Registered
Share Capital

Registered
Share Capital

€100M

Warrant

Programme

The platform

One listed company. Four connected operating pillars.

One listed company. Four connected operating pillars.

Alpha Bulgaria is the public-market anchor of an integrated strategic ecosystem. Rather than a collection of passive, unrelated holdings, the company connects capital deployment, regulated financial infrastructure, real-asset development and digital finance inside one listed structure.

Through a single publicly traded security, investors gain exposure to financial-services activity in the euro area, long-duration real assets, scaled investment capacity and the emerging market for tokenized finance.

Alpha Bulgaria is the public-market anchor of an integrated strategic ecosystem. Rather than a collection of passive, unrelated holdings, the company connects capital deployment, regulated financial infrastructure, real-asset development and digital finance inside one listed structure.

Through a single publicly traded security, investors gain exposure to financial-services activity in the euro area, long-duration real assets, scaled investment capacity and the emerging market for tokenized finance.

Capital Deployment

AIF Alpha Fund AD is the group’s primary regulated investment vehicle, deploying capital across financial institutions, real estate, fixed income and renewable energy.

Regulated Financial Infrastructure

Salomon Mayer 1772 AD provides regulated fund management, while Factori AD provides licensed brokerage, underwriting, custody and execution.

Real-Asset Development

Through ENIT GmbH, Alpha participates in the development of approximately 100,000 sq.m. of industrial land in Austria into data-centre infrastructure serving long-term cloud and AI demand.

Tokenized Finance

Real Technologies AD builds regulated infrastructure that brings financial instruments on-chain, connecting traditional securities markets with blockchain-based technology.

A euro-area platform with access to a single European market.

A euro-area platform with access to a single European market.

A euro-area platform with access to a single European market.

Bulgaria combines euro-area membership, competitive operating costs, a skilled workforce and direct access to the European Union’s single market. Alpha is positioned to capture the remaining valuation gap between South-East European assets and comparable assets in the core EU.

450M+

450M+

450M+

Consumers in the EU Single Market

One European market
One European market

EU membership gives Alpha’s portfolio companies access to more than 450 million consumers, with free movement of capital, goods, services and talent across the Union.

10%

10%

10%

Corporate Income Tax

A competitive cost base
A competitive cost base

Bulgaria’s 10% corporate income-tax rate and competitive operating costs remain among the most attractive in the European Union.

Bulgaria’s 10% corporate income-tax rate and competitive operating costs remain among the most attractive in the European Union.

21st

21st

21st

Bulgaria’s Position as a Euro-Area Member

Euro-area certainty
Euro-area certainty

Bulgaria adopted the euro on 1 January 2026, removing domestic currency risk and strengthening the country’s integration with European capital markets.

See how to invest in Alpha Bulgaria.

See how to invest in Alpha Bulgaria.

See how to invest in Alpha Bulgaria.

See how to invest in Alpha Bulgaria.

A publicly listed investment holding company compounding capital across South-East Europe.

133 Vitosha Blvd.,

Sofia 1408, Bulgaria

ISIN BG1100038097

This website is provided for information purposes only and does not constitute an offer, solicitation or recommendation to buy or sell any security, nor investment, legal or tax advice. Alpha Bulgaria is a public company listed on the Bulgarian Stock Exchange (ticker ALFB). The value of investments can fall as well as rise and past performance is not a reliable indicator of future results. Any forward-looking statements, including those regarding a prospective XETRA cross-listing, reflect current intentions and are subject to change. Any participation in capital increases, warrants or strategic placements is subject to applicable securities law and offered only to eligible investors where lawful. Prospective investors should rely on the company's official regulatory filings and seek independent advice.

A publicly listed investment holding company compounding capital across South-East Europe.

133 Vitosha Blvd.,

Sofia 1408, Bulgaria

ISIN BG1100038097

This website is provided for information purposes only and does not constitute an offer, solicitation or recommendation to buy or sell any security, nor investment, legal or tax advice. Alpha Bulgaria is a public company listed on the Bulgarian Stock Exchange (ticker ALFB). The value of investments can fall as well as rise and past performance is not a reliable indicator of future results. Any forward-looking statements, including those regarding a prospective XETRA cross-listing, reflect current intentions and are subject to change. Any participation in capital increases, warrants or strategic placements is subject to applicable securities law and offered only to eligible investors where lawful. Prospective investors should rely on the company's official regulatory filings and seek independent advice.

A publicly listed investment holding company compounding capital across South-East Europe.

133 Vitosha Blvd.,

Sofia 1408, Bulgaria

ISIN BG1100038097

This website is provided for information purposes only and does not constitute an offer, solicitation or recommendation to buy or sell any security, nor investment, legal or tax advice. Alpha Bulgaria is a public company listed on the Bulgarian Stock Exchange (ticker ALFB). The value of investments can fall as well as rise and past performance is not a reliable indicator of future results. Any forward-looking statements, including those regarding a prospective XETRA cross-listing, reflect current intentions and are subject to change. Any participation in capital increases, warrants or strategic placements is subject to applicable securities law and offered only to eligible investors where lawful. Prospective investors should rely on the company's official regulatory filings and seek independent advice.

A publicly listed investment holding company compounding capital across South-East Europe.

133 Vitosha Blvd.,

Sofia 1408, Bulgaria

ISIN BG1100038097

This website is provided for information purposes only and does not constitute an offer, solicitation or recommendation to buy or sell any security, nor investment, legal or tax advice. Alpha Bulgaria is a public company listed on the Bulgarian Stock Exchange (ticker ALFB). The value of investments can fall as well as rise and past performance is not a reliable indicator of future results. Any forward-looking statements, including those regarding a prospective XETRA cross-listing, reflect current intentions and are subject to change. Any participation in capital increases, warrants or strategic placements is subject to applicable securities law and offered only to eligible investors where lawful. Prospective investors should rely on the company's official regulatory filings and seek independent advice.