Edtech firm Alef Education, an AI-powered learning solutions provider, plans a 20% IPO in Abu Dhabi in 2024.
Edtech firm Alef Education plans to go public in Abu Dhabi's first IPO of 2024, offering 20% of its shares. The UAE-based company, which provides AI-powered learning solutions, serves the kindergarten to 12th grade sector and is indirectly majority owned by Abu Dhabi Capital Group. The IPO will list 1.4 billion shares on the Abu Dhabi Securities Exchange, with subscription opening on May 28th and trading set to begin around June 12th.
May 20, 2024
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