Page 212 - ALEF EDUCATION PR REPORT MAY 2024

5/22/24, 2:24 PM Alef Education plans to debut on Abu Dhabi stock exchange - The Circuit
Alef Education Holding is planning an IPO on the Abu Dhabi Securities Exchange as it

seeks to expand its business beyond the UAE.

The company, which develops digital tools that are broadly used in Emirati schools, said

today that it will sell 20% of its shares during a subscription period that starts May 28,

with trading on the ADX expected to start June 12.

“We intend to solidify our market leadership at home and grow our presence across our

target markets through continued investment in our digital capabilities, broadening our

product offering and expanding our geographic footprint,” Alef CEO Geoffrey Alphonso

said in a statement.

First Abu Dhabi Bank and EFG Hermes UAE were appointed as lead managers and

bookrunners for the IPO.

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