Page 105 - ALEF EDUCATION PR REPORT MAY 2024
P. 105

5/29/24, 10:41 AM                     Alef Education to raise up to $515 million in stock market float - Radio Shoma


          ALEF EDUCATION TO RAISE UP


          TO $515 MILLION IN STOCK



          MARKET FLOAT







              News Home           More from Business       Tuesday, 28 May 2024 15:30

                                                           By ARN News Staff



































                                                           via X

        Alef Education Holding plc has announced the price range for the sale of its shares and the
        start of the subscription period for its Initial Public Offering (IPO) on the Abu Dhabi Securities

        Exchange (ADX).



        In a statement on Tuesday, the company said that the Offer Price Range has been set between AED
        1.30 and AED 1.35 per share, implying a market capitalisation at the time of listing between AED

        9.10 billion ($2.48 billion) and AED 9.45 billion ($2.57 billion).



        Alef will offer 1.4 billion shares, each with a nominal value of AED 0.01, representing 20 per cent of
        the company’s issued share capital. As a result, the total Offering size is expected to be between

        AED 1.82 billion ($496 million) and AED 1.89 billion ($515 million).


      https://www.radioshoma934.ae/news/business/alef-education-to-raise-up-to-515-million-in-stock-market-float/   1/2
   100   101   102   103   104   105   106   107   108   109   110