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6/7/24, 9:44 AM UAE's Alef Education completes IPO bookbuild, raises $514mn - Arabian Business: Latest News on the Middle East, Real Estate, F…
UAE’s Alef Education completes IPO
bookbuild, raises $514mn
This gives Alef Education a market capitalisation of AED9.45 billion
($2.57 billion approximately) and offer proceeds of AED1.89 billion
($514 million approximately)
Alef Education stated that it plans to distribute a minimum of AED135 million in dividends per year for 2024
and 2025
Alef Education Holding has successfully completed its bookbuild and subscription
process for its initial public offerings (IPOs) on the Abu Dhabi Securities Exchange
(ADX), WAM reported.
The company announced that the final offer price for its shares was set at AED1.35 per
share, at the top end of the indicated range.
https://www.arabianbusiness.com/markets/equities/ipo/uaes-alef-education-completes-ipo-bookbuild-raises-514mn 1/2
