Page 232 - ALEF EDUCATION PR REPORT MAY 2024

5/22/24, 2:30 PM Alef Education Holding announces intention to list on ADX

Alef Education Holding announces intention to list on

ADX

May 20, 2024

Abu Dhabi [UAE], May 20 (ANI/WAM): Alef Education Holding plc announced its intention

to proceed with an Initial Public Offering (IPO) and listing of its ordinary shares for trading
on the Main Market of the Abu Dhabi Securities Exchange (ADX).

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

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