Page 76 - ALEF EDUCATION PR REPORT MAY 2024
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Alef Education announces offer price range,

               start of IPO's subscription period












































               Alef Education announces offer price range, start of IPO's subscription period


               28 May 2024 14:01
               ABU DHABI (WAM)

               Alef Education Holding plc announced on Tuesday the price range for the sale of its
               shares and the start of the subscription period for its Initial Public Offering (IPO) on the
               Main Market of the Abu Dhabi Securities Exchange (ADX).

               In a statement, the company said that the Offer Price Range has been set between
               Dh1.30 and Dh1.35 per Share, implying a market capitalisation at the time of listing
               between Dh9.10 billion (US$2.48 billion) and Dh9.45 billion ($2.57 billion).

               Alef will offer 1.4 billion (1,400,000,000) Shares, each with a nominal value of Dh0.01,
               which are being made available in the Offering, representing 20% of the company’s
               issued share capital. As a result, the total Offering size is expected to be between

               https://en.aletihad.ae/news/business/4489208/alef-education-announces-offer-price-range--
               start-of-ipo-s-s
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