Page 158 - ALEF EDUCATION PR REPORT MAY 2024

"That said, there are a few good names in the sector offering excellent return

potential with low P/Es as well as high dividend yields."

With education IPOs, there are the obvious factors that investors will seize on

- the growing populations in the major GCC economies, the need for more

schools and educational services that these populations will need.

Plus, there is the heightened investor awareness of what vital sectors can
offer. "Until recently, the GCC capital markets were dominated by financial

services, real estate and industrial listings," said an analyst. "That's now

changing - you had PureHeath and Burjeel Holddings list on ADX and offering

healthcare representation. And with the Spinneys' IPO, retail gets its presence

and which will now be followed by LuLu."

https://gulfnews.com/business/markets/as-alef-ipo-opens-is-education-going-to-be-next-big-
theme-on-uae-stock-markets-1.1716866248179