Page 131 - ALEF EDUCATION PR REPORT MAY 2024

5/29/24, 10:45 AM Alef Education Targets $515 Million in Abu Dhabi’s First IPO 2024 - Serrari Group
Alef Education, founded in 2016, specializes in AI-powered personalized learning programs. By
the end of last year, its platform was serving approximately 1.1 million students, 50,000 teachers,
and 7,000 schools. This IPO will enable Alef to further develop its technology and expand its

reach.

This move comes as other education firms in the region, such as Taaleem Holdings and Amanat
Holdings, explore similar public listings to meet the increasing demand for innovative educational

solutions. Alef’s successful listing is expected to attract considerable investor interest, aligning
with the UAE’s emphasis on technological advancement in education.

Alef Education’s IPO is a significant step in its growth strategy, providing the necessary capital to

enhance its services and expand into new markets. This aligns with the UAE’s vision of promoting
innovation and improving educational outcomes through technology.

Photo source: Google

Montel Kamau

Serrari Financial Analyst

28th May, 2024

https://serrarigroup.com/alef-education-targets-515-million-in-abu-dhabis-first-ipo-2024/ 2/2