Page 232 - ALEF EDUCATION PR REPORT - JUNE 2024

6/3/24, 3:07 PM Alef Education Holding Company responds to investors' demand to rise offering shares

Alef Education Holding Company responds to

investors' demand to rise offering shares

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6/2/2024 9:18:44 AM

(MENAFN) Alef Education Holding Company made an announcement on Friday, revealing
that "Teknova Investment" and "Kryptonite Investment" have opted to exercise their right to
augment the number of offering shares allocated to the first tranche within the company's

initial public offering (IPO) from 112 million shares to 140 million ordinary shares. This
decision was prompted by the substantial demand from investors and was made following the

approval of the Securities and Commodities Authority.

In light of the selling shareholders' choice to expand the volume of shares designated to the
first tranche, the allocation to the second tranche will see a reduction from 1.288 billion shares

to 1.26 billion shares. However, the total offering shares will remain constant at 1.4 billion

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