Page 193 - ALEF EDUCATION PR REPORT MAY 2024

5/22/24, 2:22 PM Abu Dhabi's EdTech Leader Sets Sights on ADX Listing | Latest Political Business and Tech News from the Arabian Peninsula
Abu Dhabi's EdTech Leader Sets Sights on ADX
Listing

by Hyphen Web Desk - 20 May

Credit: visitabudhabi.ae
Alef Education Holding, a prominent provider of AI-powered learning solutions in Abu Dhabi, has announced its intention to
pursue an Initial Public Offering (IPO) and subsequent listing on the Abu Dhabi Securities Exchange (ADX). This move
signifies a significant milestone for the company and positions it for further growth as a global leader in the educational
technology (EdTech) sector.

Alef Education, with its roots in Abu Dhabi Capital Group (ADCG), boasts a successful track record of delivering innovative
learning experiences. The company's solutions are currently implemented across all public schools and many private
institutions within the UAE. The offering will involve the sale of 20% of Alef Education's total issued share capital, translating
to 1. 4 billion shares.

This strategic decision aligns with Alef Education's vision of expanding its market reach and solidifying its position as a
dominant force in the EdTech landscape. The capital raised through the IPO will fuel continued investment in the company's
digital capabilities, product diversification, and geographic expansion plans. Both organic growth strategies and strategic
mergers and acquisitions are anticipated.

"Our IPO on ADX represents a crucial stepping stone in our journey to maximize our potential and establish ourselves as a
global EdTech leader, " stated Alphonso, a representative for Alef Education. "By leveraging this platform, we aim to solidify
our market leadership within the UAE and broaden our presence across our target markets. "

The robust performance of the global EdTech market in recent years has served as a key driver behind Alef Education's
decision to go public. Fueled by rising government investments and a growing emphasis on integrating digital and AI tools
into education delivery, the EdTech sector has witnessed exponential growth. Alef Education, with its commitment to
providing cutting-edge learning solutions, is poised to capitalize on this momentum.

The company's leadership team, brimming with experience, is confident that Alef Education possesses the necessary
foundation to thrive as a publicly traded entity. A strong governance framework and a well-defined growth strategy position
the company for continued success. The anticipated listing date on the ADX is slated for around June 12th, 2024.

Furthermore, Alef Education intends to implement a semi-annual dividend distribution policy, targeting a minimum payout
ratio of 90% of the company's net profit generated in both 2024 and 2025. This commitment to shareholder value is

https://www.1arabia.com/2024/05/abu-dhabis-edtech-leader-sets-sights-on.html 1/2