Page 238 - ALEF EDUCATION PR REPORT MAY 2024

5/22/24, 2:32 PM Alef Education Holding announces intention to list on ADX

Alef Education Holding announces intention to list on ADX

ANI
20 May 2024, 20:18 GMT+10

Abu Dhabi [UAE], May 20 (ANI/WAM): Alef Education Holding plc announced its intention to proceed with an Initial Public O
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 inve
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 1,400,0
are existing shares being sold by the Selling Shareholders, Tech Nova Investment - Sole Proprietorship LLC and Kryptonite
Company will not receive any proceeds from the Offering.

The First Tranche offer (Individual Investors and other investors, including natural persons, companies and establishments
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
2024.

The Internal Shariah Supervision Committee of First Abu Dhabi Bank PJSC has issued a pronouncement confirming that, in
compliant with Shariah principles. Investors should undertake their own due diligence to ensure that the Offering is Shariah

The Selling Shareholders reserve the right to amend the size of the Offering at any time before the end of the subscription
laws and the approval of the Securities and Commodities Authority (SCA) in the UAE.
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