Page 195 - ALEF EDUCATION PR REPORT MAY 2024

5/22/24, 2:23 PM Alef Education Holding To List On ADX With Upcoming IPO - OneArabia
Alef Education Holding Sets Stage For IPO And ADX Listing

In A Strategic Move

By OneArabia Alef Education Holding plc has announced its plan to initiate an Initial Public Offering (IPO)

and list its ordinary shares on the Main Market of the Abu Dhabi Securities Exchange (ADX). Alef Education is primarily

owned by Abu Dhabi Capital Group (ADCG), a significant private institutional investment entity in the Middle East and
North Africa.

Scorecard | Points Table | News

The Selling Shareholders intend to sell 20% of Alef Education's total issued share capital, equivalent to 1,400,000,000

shares. These shares are existing ones being sold by Tech Nova Investment – Sole Proprietorship LLC and Kryptonite
Investments LLC. The company will not receive any proceeds from this offering.

The subscription period for the First Tranche offer, which includes individual investors and other entities as defined in the

UAE Prospectus, is expected to run from 28th May to 4th June 2024. The Second Tranche offer, targeting professional

investors, will run from 28th May to 5th June 2024.

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