Page 277 - ALEF EDUCATION PR REPORT - JUNE 2024

demand for Alef Education’s shares underscores the company’s compelling equity story
and significant growth potential, as recognized by a diverse group of investors.”
Alef Education is an award-winning provider of AI-powered personalized learning
solutions and digital education resources for students, teachers, and schools across
grades K-12. The company has a proven track record of enhancing student
performance and serves 1.1 million students, 50,000 teachers, and 7,000 schools as of
2023.
With consistent profitability, a strong balance sheet, and long-term contracts, Alef
Education is well-positioned for future growth. The company operates in the UAE,
Indonesia, and the US, employing both organic and inorganic growth strategies to
capitalize on the expanding EdTech sector.
This IPO is the latest in a series of landmark transactions advised by EFG Hermes in
the GCC region. The investment banking division has been involved in 10 ECM deals in
2024 so far, including the private placement of Beyout Investment Group (BIG) on
Boursa Kuwait and the secondary public offering of Saudi Aramco on the Saudi
Exchange.
The team also recently acted as a joint financial advisor, bookrunner, and Underwriter
on Miahona’s IPO, and as a joint bookrunner and underwriter on the IPO of healthcare
provider Fakeeh Care Group on the Saudi Exchange. Additionally, EFG Hermes played
a role in the Accelerated Equity Offering for ADNOC Drilling and served as a joint
bookrunner on the IPOs of Spinneys and Parkin’s on the Dubai Financial Market (DFM).

https://www.dailynewsegypt.com/2024/06/12/efg-hermes-advises-on-515m-ipo-of-alef-
education-1st-uae-edtech-listing/