Page 79 - ALEF EDUCATION PR REPORT MAY 2024

5/29/24, 10:36 AM Alef Education announces offer price range, start of IPO’s subscription period – The Gulf Time Newspaper
The final offer price will be determined following the book-building process and is expected to be announced
on June 6. Admission of shares to trading on the ADX is anticipated to occur on or around June 12. The

Offering complies with Shariah principles, and the Internal Shariah Supervision Committee of First Abu
Dhabi Bank PJSC has issued a pronouncement to this effect.
Geoffrey Alphonso, Chief Executive Officer of Alef Education, commented, “Our investment proposition has

been incredibly well received by the market, with significant interest in our offering since announcing our
intention to float. We look forward to announcing the final offer price next week and are excited to welcome

new shareholders as we embark on our next phase of growth.”

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