Page 164 - ALEF EDUCATION PR REPORT - JUNE 2024

6/7/24, 9:47 AM UAE: Alef Education IPO Oversubscribed 39 Times
relatively lower compared to recent IPOs like Spinneys and Parkin, are substantial, echoing
the fervent investor interest seen across various offerings,” Vijay Valecha Chief Investment

Officer Century Financial, told Khaleej times.

Investors can expect Alef's shares to surge higher as the current price of Dh1.35“implies a PE
multiple of a mere 20x”, Valecha said. Being an ED tech company with an asset-light model,

Alef should ideally command a higher premium, he added.

While EdTech may be considered a niche sector, Alef Education's strong demand
underscores its pivotal role in shaping the future of education and technology integration.“As

the shares are set to commence trading on the Abu Dhabi Stock Exchange under the ticker
symbol“AlefEdT,” Alef Education is poised to lead the charge in driving innovation and

transformation within the education landscape, contributing to the UAE's ongoing evolution as
a hub for investment and innovation,” Valecha said.

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