Page 236 - ALEF EDUCATION PR REPORT - JUNE 2024

The lock-up period is a predetermined amount of time following the IPO during which
insiders, such as company executives, employees, and other pre-IPO investors, are
restricted from selling their shares.

Moreover, Alef Education's IPO subscription period remains unchanged, with the first
tranche offer closing on 4 June 2024, and the second tranche offer closing on 5 June.

The final offer price is expected to be announced on 6 June, and the listing on the Abu
Dhabi Securities Exchange (ADX) is currently scheduled for 12 June, subject to
regulatory approvals.

In May, Alef Education Holding unveiled plans to list 1.40 billion shares, representing 20
of capital, on the main market of the ADX.

https://english.mubasher.info/news/4298426/Alef-Education-raises-1st-tranche-of-IPO-on-high-
demand/