Page 65 - ALEF EDUCATION PR REPORT - JUNE 2024

Alef Education shares tumble almost

18% in Abu Dhabi debut

By Reuters
June 12, 202411:39 AM GMT+4Updated a day ago
DUBAI, June 12 (Reuters) - Shares in educational technology provider Alef

Education (ALEFEDT.AD), opens new tab fell almost 18% in their market debut on the Abu
Dhabi stock exchange on Wednesday.

The stock opened flat and then fell to 1.11 dirhams ($0.3022) per share, down almost 18%
compared with its initial public offering (IPO) price of 1.35 dirhams.

The shares were trading down 10.4% by around 0731 GMT and at the bottom of Abu
Dhabi's benchmark index (.FTFADGI), opens new tab.

($1 = 3.6726 UAE dirham)

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Reporting by Federico Maccioni, editing Jason Neely

Our Standards: The Thomson Reuters Trust Principles.

https://www.reuters.com/markets/alef-education-shares-tumble-almost-18-abu-dhabi-debut-
2024-06-12/