Page 260 - ALEF EDUCATION PR REPORT MAY 2024

5/20/24, 1:08 PM Upcoming IPO: Alef Education to list on Abu Dhabi Securities Exchange
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Alef Education is 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.

In its official release, Alef Education said it expects 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 Tech Nova Investment – Sole Proprietorship

and Kryptonite Investments.

Geoffrey Alphonso, chief executive of Alef Education, commented: “Alef Education’s
growing presence across the UAE and internationally, as well as its leading position as a

UAE-born and holistic provider of digital education solutions, sets it apart from other

players in the market. Through our award-winning, scalable multiplatform solution and

multilingual approach adaptable to many geographies, we are able to effectively empower
educators with practical tools that have proven successful in improving educational

outcomes across markets.

“To date, our growth has been strongly supported by – and continues to benefit from – the

UAE government’s focus on providing quality education to a broad student base, and

increased fiscal spending allocated to education, totalling over 15 per cent of the UAE

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