Page 66 - ALEF EDUCATION PR REPORT - JUNE 2024

6/13/24, 10:40 AM Alef Education falls nearly 18% in Abu Dhabi debut
Alef Education falls nearly 18% in Abu

Dhabi debut

Jun 12, 2024 at 7:54 am GMT

** Shares in Educational technology provider Alef Education ALEFEDT.AD tumble nearly 18% to
AED 1.11, well below IPO price

** Shares open at AED 1.35, flat to IPO price

** Shares were trading down 10.4% by around 0731 GMT and was at the bottom of Abu Dhabi's
benchmark index .FTFADGI, which was 0.2% lower

** Co earlier in June set final IPO price at AED 1.35 per share, which was at the top of the indicative
price range

** Co offered 20% stake on the Abu Dhabi stock exchange after deal marketed at AED 1.30-1.35 per
share for $515 mln raise

Reporting by Shamsuddin Mohd in Bengaluru

https://www.xm.com/research/markets/allNews/reuters/alef-education-falls-nearly-18-in-abu-dhabi-debut-53858688 1/1