Page 269 - ALEF EDUCATION PR REPORT - JUNE 2024

EFG Hermes completes advisory on $515 Million

IPO of Alef Education Holding on the Abu Dhabi

Securities Exchange

The IPO marks the first-ever education technology company IPO listed in the UAE

Published: June 12, 2024 16:43GN Focus Report

Mostafa Gad, Global Head of Investment Banking at EFG Hermes

EFG Hermes, an EFG Holding Company and the leading investment bank in the Middle

East and North Africa (MENA), announced today that its investment banking division

successfully completed its advisory on the USD 515 million initial public offering (IPO) of
Alef Education Holding (Alef Education), an award-winning AI-powered learning

solutions provider based in Abu Dhabi, on the Abu Dhabi Securities Exchange (ADX).

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