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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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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