Page 226 - ALEF EDUCATION PR REPORT - JUNE 2024

6/3/24, 3:06 PM Alef Increases Shares Allocated To IPO's First Tranche
UAE's Alef Education Increases Shares Allocated To First

Tranche Amid High Demand For Its IPO

By Samra Ahmed Forbes Middle East Staff Jun 01, 2024, 0:40 AM

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The size of Alef's first tranche offer is now set between $49.6 million (AED 182 million) and $51.5 million (AED
189 million). Image by Alef Education / Facebook

The UAE-headquartered Alef Education Holding announced Friday an increase in the

number of shares allocated to the first tranche offer of the company’s initial public offering

(IPO) from 112 million to 140 million shares as a result of significant demand from

investors.

Share allocation

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