Page 186 - ALEF EDUCATION PR REPORT MAY 2024
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5/22/24, 2:22 PM                     Alef Education Holding announces intention to list on ADX - Aletihad News Center

         Alef Education Holding announces intention to list on ADX
















































           Alef Education Holding announces intention to list on ADX








         20 May 2024 10:54

         ABU DHABI (WAM)



         Alef Education Holding plc announced its intention to proceed with an Initial Public Offering (IPO) and listing of its
         ordinary shares for trading on the Main Market of the Abu Dhabi Securities Exchange (ADX).



         Alef Education is indirectly majority owned by Abu Dhabi Capital Group (ADCG), one of the largest private institutional
         investment groups in the Middle East and North Africa with a portfolio spanning multiple asset classes, industries, and

         geographies.



         The Selling Shareholders expect to sell 20% 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 –


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