Page 226 - ALEF EDUCATION PR REPORT MAY 2024
P. 226
5/22/24, 2:29 PM Alef Education Holding announces intention to list on ADX - www.lokmattimes.com
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.
https://www.lokmattimes.com/international/alef-education-holding-announces-intention-to-list-on-adx/ 2/4