Page 104 - ALEF EDUCATION PR REPORT - JUNE 2024

THIS MORNING: Alef Education debuts on the

ADX in Abu Dhabi’s first IPO of the year

Plus: Covestro could grant Adnoc due diligence today

• 11:45

Good morning, friends, and happy hump day. The news is trudging along as we
near the end of the week and the four-day Eid weekend, with a lot of activity on the
M&A front.
THE BIG STORY here at home is Adnoc Drilling and Alpha Dhabi’s JV — Enersol —
raising its stake in US oil engineering firm Gordon Technologies, with plans to make
more acquisitions in 3Q 2024, EnterpriseAM UAE has learned.

PUBLIC SERVICE ANNOUNCEMENTS-
#1- Work permits and residency visas can now be processed in five days instead
of 30 days, after the Human Resources and Emiratisation Ministry rolled out the second
phase of its Work Bundle platform across all emirates, the authority said on X. The
second phase of the initiative — which looks to streamline hiring processes for
businesses and companies and facilitate work permit renewals by unifying essential
employment and residency services onto a single platform — covers some 600k
companies and over 7 mn workers.

https://enterprise.news/uae/en/news/story/526d8fbb-5582-4b40-b987-727aba3d981c/this-
morning:-alef-education-debuts-on-the-adx-in-abu-dhabi%25e2%2580%2599s-first-ipo-of-the-
year