Page 183 - ALEF EDUCATION PR REPORT MAY 2024

natural partner of choice for some of the world’s leading businesses and

investment institutions.

The selling shareholders expect to sell 20 per cent of the total issued share
capital of Alef Education (equivalent to 1,400,000,000 shares). All shares are
existing shares being sold by the selling shareholders, Tech Nova

Investment – Sole Proprietorship L.L.C and Kryptonite Investments L.L.C
and the company will not receive any proceeds from the offering. The
selling shareholders reserve the right to amend the size of the offering and
the size of any tranche at any time prior to the end of the subscription

period at their sole discretion, subject to the applicable laws of the UAE
and the approval of the SCA in the UAE.

The first tranche offer (individual investors and other investors, including
natural persons, companies and establishments as defined in the UAE
Prospectus) subscription period is expected to run from May 28 to June 4,

2024. This will comprise eight per cent of the offer shares, representing
112,000,000 shares. The second tranche offer (professional investors)
subscription period is expected to run from May 28 to June 5, 2024. This
will comprise 92 per cent of the offer shares, representing 1,288,000,000

shares.

Admission of shares to trading on the ADX is anticipated to occur on or
around June 12, 2024.

https://www.khaleejtimes.com/business/markets/alef-education-to-list-on-the-abu-dhabi-
securities-exchange