Page 72 - ALEF EDUCATION PR REPORT MAY 2024

UAE's Alef Education to raise up to $515 million

in IPO

The AI-driven learning platform, currently being implemented at public schools in
the country provides personalised learning programmes

By Reuters

Alamy Image
Published: Tue 28 May 2024, 10:46 AM

Educational technology provider Alef Education plans to raise as much as $515 million

in its initial public offering (IPO) on the Abu Dhabi stock market, it said on Tuesday (May
28).

The indicative price range for the IPO was set at 1.30-1.35 dirhams per share, implying
a market capitalisation of between $2.48 billion-2.57 billion, the firms said in a
statement.

https://www.khaleejtimes.com/uae/education/uaes-alef-education-to-raise-up-to-515-million-in-
ipo