Page 188 - ALEF EDUCATION PR REPORT MAY 2024
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5/22/24, 2:22 PM Alef Education Plans To List On Abu Dhabi Bourse
Abu Dhabi-Based Alef Education Holding Plans To Float IPO
Next Week
By Mohamed Rashed Alkhalifa Forbes Middle East Staff May 20, 2024, 15:04 PM
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The IPO will make Alef Education the first education technology company to be listed in the UAE. Image by Alef Education
Holding / LinkedIn
Alef Education Holding, an Abu Dhabi-based educational technology (edtech) firm, said Monday
that it plans to float an initial public offering (IPO) next week, making it the first edtech company to
list its share in the UAE.
IPO details
According to the company, an existing shareholder, Tech Nova Investment, will sell a 20% stake in
Alef Education, which is equivalent to 1.4 billion shares. Therefore, the company will not receive
any proceeds from the offering.
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