Page 107 - ALEF EDUCATION PR REPORT MAY 2024

5/29/24, 10:41 AM Alef Education announces offer price range, start of IPO’s subscription period – The UAE Press

Alef Education Holding plc today 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 Main Market of the Abu Dhabi Securities Exchange (ADX).

In a statement today, the company said that the Offer Price Range has been

set between AED1.30 and AED1.35 per Share, implying a market

capitalisation at the time of listing between AED9.10 billion (US$2.48 billion)

and AED9.45 billion (US$2.57 billion).

Alef will offer 1.4 billion (1,400,000,000) Shares, each with a nominal value of

AED0.01, which are being made available in the Offering, representing 20%

of the company’s issued share capital. As a result, the total Offering size is

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