Page 83 - ALEF EDUCATION PR REPORT - JUNE 2024

6/13/24, 10:42 AM Alef Education Holding lists on the Abu Dhabi Securities Exchange and starts trading

Alef Education’s IPO witnessed robust investor demand, with the offering 39x
oversubscribed

Alef Education’s IPO attracted high demand from qualified institutional and UAE
retail investors, with demand surpassing AED 74 billion (US$ 20 billion)

1.4 billion shares were sold with the final price set at AED 1.35

Abu Dhabi, UAE: Shares of Alef Education Holding plc (“Alef Education”, “Company”, or
“Group”), an award-winning AI-powered learning solutions provider based in Abu Dhabi,

began trading on the Abu Dhabi Securities Exchange (“ADX” or “the Exchange”) today
under the ticker symbol “AlefEdT”. The new listing marks the introduction of the first

EdTech company on the ADX and in the UAE and the first company to go public on the

Exchange in 2024.

Since its inception in 2016, Alef Education has become a trusted partner for governments

and private schools in the UAE and beyond, providing cutting-edge AI-driven solutions

from kindergarten to Grade 12 that transform how students learn. More than 1.1 million
registered students in approximately 7,000 schools in the UAE, the United States,

Indonesia, and Morocco use Alef Education’s award-winning platform. The diversified Alef
Platform provides personalised learning experiences for all students so they learn at their

own pace, anytime and anywhere. Artificial intelligence allows students to receive
individualised instruction and enables them to choose how they prefer to learn.

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