Alef Education Holding PLC Successfully Completes Book-Building Process and IPO on Abu Dhabi Securities Exchange

Alef Education Holding PLC has successfully completed the book-building process and ended the subscription process for its initial public offering on the main market of the Abu Dhabi Securities Exchange. The final offering price was set at 1.35 dirhams per share, at the upper limit of the previously announced price range. The company’s market value upon listing will be 9.45 billion dirhams ($2.57 billion), with proceeds from the offering reaching 1.89 billion dirhams ($514 million). The offering received a high level of demand from local, regional, and international investors, with total demand exceeding 74 billion dirhams ($20 billion), surpassing subscription coverage by 39 times.

The strong demand from a diverse base of investors confirms Alef Education’s leading position in its sector, strong foundations, promising growth prospects, and rewarding investment opportunity. The company expects to pay a minimum annual dividend of AED 135 million for the financial years ending December 31, 2024 and 2025 to shareholders. The minimum annual dividend yield based on the final share price will be 7.1%.

In the next phase, Alef Education has ambitious growth plans to expand across target markets, enhance its educational product portfolio, and continue adding value to the primary market in the United Arab Emirates. The company has strong investment advantages and is well-positioned for future success thanks to its successful IPO process with high demand for shares. Alef Education looks forward to welcoming new shareholders, including individual investors within