Page 230 - ALEF EDUCATION PR REPORT MAY 2024
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5/22/24, 2:30 PM                    World News | Alef Education Holding Announces Intention to List on ADX | LatestLY
























        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.

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        Prices Soared Domestically and Globally.


        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.


        Admission of shares to trading on the ADX is anticipated to occur on or around June 12,

        2024.


        Commenting on the announcement, Abdulhamid Mohammed Saeed Alahmadi, Chairman

        of  Alef  Education's  Board  of  Directors,  said,  "Our  successful  track  record  of  growth,

        underpinned  by  the  value  we  provide  and  the  trust  we  have  built  with  international




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