Page 57 - ALEF EDUCATION PR REPORT - JUNE 2024

potential and equity story, as highlighted by Mostafa Gad, Global Head of Investment
Banking at EFG Hermes, the firm that advised Alef during the listing process.

Impact of the Stock Drop

The sudden drop in Alef’s stock price undoubtedly raised concerns. However, the company
remains resilient, and its long-term vision remains intact. Investors will closely monitor how
Alef Education navigates this challenging phase and whether it can regain momentum in
the market.

Innovations and Growth

Alef is committed to continuing its innovation journey, developing AI-driven solutions that
enhance educational outcomes. The company’s focus on bridging educational gaps and
expanding into new markets positions it well for sustained growth.

Alef Education’s stock market debut was marked by an initial sharp decline, followed by a
gradual recovery. While the first day’s performance was challenging, the company’s strong
fundamentals and growth potential provide a positive long-term outlook. As the market
becomes more familiar with education-focused listings, Alef Education is likely to gain
investor confidence and continue its journey towards transforming the education sector.

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