Page 128 - ALEF EDUCATION PR REPORT - JUNE 2024

UAE: Alef Education IPO

oversubscribed 39 times

Final offer price values company at Dh9.45 billion

Published: Thu 6 Jun 2024, 6:46 PM

Alef Education Holding plc, an AI-powered learning solutions provider based
in Abu Dhabi, on Thursday announced that its initial public offering was
oversubscribed 39 times, with total gross demand from local, regional, and

international investors amounting to over Dh74 billion,

Alef also announced the successful completion of the bookbuild and
subscription process for on the main market of the Abu Dhabi Securities
Exchange.

https://www.khaleejtimes.com/business/markets/uae-alef-education-completes-ipo-bookbuild-
raising-dh1-89-billion