Page 199 - ALEF EDUCATION PR REPORT - JUNE 2024

Abu Dhabi’s First IPO of the

Year Draws $20 Billion in

Orders

• The pricing implies a capitalization of 9.45 billion

dirhams

• Alef to pay at least 135 million dirhams of dividends in

2024

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June 6, 2024 at 9:36 AM GMT+4

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Abu Dhabi’s first initial public offering of the year drew in orders of

$20 billion as appetite for listings in the Gulf remains healthy.

Alef Education’s shareholders will raise 1.89 billion dirhams ($515

million) after the deal priced at 1.35 dirhams per share, the top of the
range. That implies a market capitalization of 9.45 billion dirhams.

The offer was 39 times covered by local, regional, and international

investors

https://www.bloomberg.com/news/articles/2024-06-06/abu-dhabi-s-first-ipo-of-the-year-draws-
20-billion-in-orders?srnd=markets-vp&embedded-checkout=true