Page 278 - ALEF EDUCATION PR REPORT - JUNE 2024

EFG Hermes Advises On $515M IPO Of Alef Education,

1St UAE Edtech Listing

Date
6/12/2024 2:17:27 PM

(MENAFN- Daily News Egypt)

EFG Hermes, the leading investment bank in the Middle East and North Africa
(MENA), announced Wednesday the successful completion of its advisory role on the

$515m initial public offering (IPO) of Alef Education Holding (Alef Education) on the

Abu Dhabi Securities Exchange (ADX).

This marks the first-ever listing of an education technology company in the UAE.

EFG Hermes acted as Joint Global Coordinator and Joint Bookrunner on the
transaction, which saw Alef Education offer 20% of its total issued share capital through

https://menafn.com/1108325313/EFG-Hermes-Advises-On-515M-IPO-Of-Alef-Education-1St-UAE-
Edtech-Listing