Page 67 - ALEF EDUCATION PR REPORT MAY 2024
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5/29/24, 10:32 AM UAE's Alef Education sets IPO price range; set to raise up to $515mln
United Arab Emirates dirham bills. Getty Images Image used for illustrative purpose.
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IPO
UAE's Alef Education sets IPO price range;
set to raise up to $515mln
The edtech firm says dividend yield set to be 7.42% at the bottom of the price
range
Staff Writer, ZAWYA
May 28, 2024
Alef Education, which is floating 20% of its share capital in an initial public offering (IPO),
has set the offer price range between 1.30 ($0.35) UAE dirhams and AED 1.35 per share,
potentially raising as much as AED 1.89 billion ($515 million) at the top of the price range.
https://www.zawya.com/en/markets/equities/uaes-alef-education-sets-ipo-price-range-set-to-raise-up-to-515mln-ww803i9i 1/3
