Page 233 - ALEF EDUCATION PR REPORT - JUNE 2024

6/3/24, 3:07 PM Alef Education Holding Company responds to investors' demand to rise offering shares
shares, constituting 20 percent of the total issued shares in the company's capital.

In accordance with the previously disclosed price range, spanning between 1.30 and 1.35
dirhams per share, the offering value for the first tranche will now range from 182 million

dirhams to 189 million dirhams, making up 10 percent of the initial public offering's size. The
subscription periods for both tranches remain unchanged, with the first tranche subscription
closing on June 4, 2024, and the second tranche subscription ending on June 5, 2024.

The final price of the offering will be determined through the book-building process following
the conclusion of the second tranche subscription, with an expected announcement date of
June 6, 2024. Subject to market conditions and the requisite regulatory approvals in the UAE,

including the nod from the Securities and Commodities Authority for share trading
acceptance, it is anticipated that the offering will be finalized and shares will commence

trading on the main market of the Abu Dhabi Securities Exchange by June 12, 2024.

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