Page 239 - ALEF EDUCATION PR REPORT MAY 2024

5/22/24, 2:32 PM Alef Education Holding announces intention to list on ADX
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 Direc
track record of growth, underpinned by the value we provide and the trust we have built with international governments, cus
including ADEK - has culminated in this milestone moment.

"With a robust governance framework, seasoned leadership team, and clear growth strategy, we firmly believe that Alef Edu
publicly listed company. We are not only offering investors the opportunity to participate in the growth of a company with a t
the first-ever EdTech company to be listed in the UAE - but also one that is operating in a sector with considerable tailwinds
drivers."Geoffrey Alphonso, Chief Executive Officer of Alef Education, commented, "To date, our growth has been strongly s
to benefit from - the UAE government's focus on providing quality education to a broad student base and increased fiscal s
education, totalling over 15 per cent of the UAE federal budget in 2023. This remains true across and beyond the GCC, wit
an average of 4% of GDP towards education spending in 2022." (ANI/WAM)

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