Page 214 - ALEF EDUCATION PR REPORT MAY 2024

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 per cent 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 – Sole Proprietorship LLC and

Kryptonite Investments LLC and the Company will not receive any
proceeds from the Offering.

The First Tranche offer (Individual Investors and other investors,

including natural persons, companies and establishments as
defined in the UAE Prospectus) subscription period is expected to

run from May 28 to June 4, 2024.

The Second Tranche offer (Professional Investors as defined in the

UAE Prospectus) subscription period is expected to run from May

28 to June 5, 2024.

The Internal Shariah Supervision Committee of First Abu Dhabi

Bank PJSC has issued a pronouncement confirming that, in their

view, the Offering is compliant with Shariah principles. Investors

should undertake their own due diligence to ensure that the
Offering is Shariah-compliant for their purposes.

The Selling Shareholders reserve the right to amend the size of the

Offering at any time before the end of the subscription period,
subject to applicable laws and the approval of the Securities and

Commodities Authority (SCA) in the UAE.

https://theprint.in/world/alef-education-holding-announces-intention-to-list-on-adx/2093161/