Page 116 - ALEF EDUCATION PR REPORT MAY 2024

Tranche). The final offer price will be determined following the book-building process and is
expected to be announced on 6th June 2024.

Admission of shares to trading on the ADX is anticipated around 12th June 2024.
The Offering complies with Shariah principles, as confirmed by a pronouncement from the
Internal Shariah Supervision Committee of First Abu Dhabi Bank PJSC.

CEO's Statement
Geoffrey Alphonso, Chief Executive Officer of Alef Education, stated, "Our investment
proposition has been incredibly well received by the market, with significant interest in our
Offering since announcing our intention to float. We look forward to announcing the final offer
price next week and are excited to welcome new shareholders as we embark on our next phase
of growth."

https://www.onearabia.me/local/alef-education-ipo-price-range-subscription-period-
announcement-011-37795.html