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.








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