Page 97 - ALEF EDUCATION PR REPORT - JUNE 2024

6/13/24, 10:44 AM Alef Education Shares Fall On ADX Debut

Alef Education Shares Fall On ADX Debut

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6/12/2024 3:04:03 PM

(MENAFN- Khaleej Times) 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 GMT
and at the bottom of Abu Dhabi's benchmark index. They closed at Dh1.18, down 12.59 per

cent for the day.

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