Page 282 - ALEF EDUCATION PR REPORT MAY 2024

Alef Education plans to list 20% of shares in

Abu Dhabi IPO

Story by Sarmad Khan

• 2h • 2 min read

Alef Education operates in markets including in the UAE, Indonesia and the US. Photo: Alef Education© Provided
by The National
Alef Education Holding, a UAE-based education technology company, plans to
list its shares on the Abu Dhabi Securities Exchange as it seeks to boost
domestic business and expand its international geographic footprint.

Alef will sell 1.4 billion shares, or 20 per cent of the company's issued share
capital, through the initial public offering on the main bourse of the ADX, it
said on Monday.

All shares being offered in the public float are held by existing shareholders
Tech Nova Investment and Kryptonite Investments. The selling shareholders
reserve the right to amend the size of the offering.

UAE retail and institutional investors will be able to subscribe to the public
float through separate tranches.

The subscription period for retail and qualified investors will begin on May 28.

https://www.msn.com/en-ae/money/news/alef-education-plans-to-list-20-of-shares-in-abu-
dhabi-ipo/ar-BB1mH4bh