Page 73 - ALEF EDUCATION PR REPORT MAY 2024

Shareholders Tech Nova Investment, Sole Proprietorship and Kryptonite Investments
intend to offer 1.4 billion shares representing 20% of its share capital, Alef said, adding
shares are expected to start trading on June 12.

Funded in 2016, Alef provides artificial intelligence (AI)-powered and personalised
learning programmes. The platform served around 1.1 million registered students,

50,000 teachers and 7,000 schools as of the end of last year.

Alef's IPO will follow listings of other education firms in the region in recent years,
including Taaleem Holdings . Amanat Holdings said earlier this month it was
considering options for its education platform, including an IPO.

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