Page 75 - ALEF EDUCATION PR REPORT - JUNE 2024
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Alef Education shares fall on
ADX debut
The offering was 39 times oversubscribed
Abdulhamid Mohammed Saeed Alahmadi, chairman of Alef Education’s Board of Directors, and Geoffrey
Alphonso, chief executive officer of Alef Education, rang the market opening bell the official listing ceremony
in the presence of Ghannam Butti Almazrouei, ADX’s chairman and Abdulla Salem Alnuaimi, ADX’s chief
executive officer. — Supplied photo
Published: Wed 12 Jun 2024, 7:41 PM
Last updated: Wed 12 Jun 2024, 7:42 PM
Shares in educational technology provider Alef Education, the first edtech company in
the UAE and the first company to go public on the ADX in 2024, fell almost 18 per cent
in their market debut on the Abu Dhabi stock exchange on Wednesday.
The stock opened flat and then fell to Dh1.11 per share compared with its initial public
offering price of Dh1.35. The shares were trading down 10.4 per cent by around 0731
https://www.khaleejtimes.com/business/markets/alef-education-shares-fall-on-adx-debut
