Page 248 - ALEF EDUCATION PR REPORT MAY 2024

5/20/24, 1:07 PM Alef Education will be UAE's third IPO of 2024 - and first in Abu Dhabi | Markets – Gulf News
In Dubai, Parkin and Spinneys opened the UAE's IPO season, clocking in significant

subscriber participations.

We are not only offering investors the

opportunity to participate in the growth of a
company with a truly unique proposition –

as the first-ever edtech company to be
listed in the UAE – but also one that is operating in a

sector with considerable tailwinds, growth, and value
drivers

- Abdulhamid Mohammed Saeed Alahmadi, Chairman of Alef Education

ALEF EDUCATION FINANCIALS

The Group’s revenues were Dh750 million in 2023, a 12.4% increase from Dh667
million in 2021. Apart from the UAE, its services are also available in the US and

Indonesia.

Retail and institutional investors

Retail investors are getting 8 per cent of the float allocation, and institutionals getting

the rest. The company has confirmed a guaranteed 2,000 shares apiece to subscribers.

(The size of offering or the individual tranches could be changed at any point during the
subscription period.)

https://gulfnews.com/business/markets/alef-education-will-be-uaes-third-ipo-of-2024---and-first-in-abu-dhabi-1.1716181808064 3/6