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3/18/24, 11:06 AM Abu Dhabi’s Alef Education selects banks for planned IPO – report
The offering size and timing are preliminary and subject to change, Bloomberg quoted
them as saying.
Representatives from Alef Education and FAB didn’t respond to Bloomberg’s request for a
comment, while a spokesperson for EFG declined to comment.
The Middle East and North Africa region is in the midst of an IPO boom, with last month’s
EY MENA IPO Eye Q4 2023 report stating the 2024 pipeline for the region currently
includes 29 companies across various sectors looking to list, with Saudi Arabia and the
UAE leading the way in terms of expected volumes.
(Writing by Bindu Rai, editing by Seban Scaria)
bindu.rai@lseg.com
https://www.zawya.com/en/markets/equities/abu-dhabis-alef-education-selects-banks-for-planned-ipo-report-eyqndomr 2/3
