Alef Education increases number of shares allocated to First Tranche in its Initial Public Offering
Jun 01, 2024
Abu Dhabi [UAE], June 1: Alef Education Holding plc ("Alef Education" or "Company" or "Group") today announced that following the approval from the Securities and Exchange Authority (SCA), Tech Nova Investment - Sole Proprietorship L.L.C and Kryptonite Investments L.L.C (the "Selling Shareholders"), have exercised their right to increase the number of Shares allocated to the First Tranche offer of the Company's initial public offering ("IPO" or the "Offering") to 140,000,000 (one hundred and forty million) Shares from 112,000,000 (one hundred and twelve million) Shares in response to substantial demand from investors.
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