الرئيس التنفيذي
أشرف الحادي

رئيس التحرير
فاطمة مهران

EFG Hermes Completes Advisory on USD 515 Million IPO of Alef Education Holding on the Abu Dhabi Securities Exchange

EFG Hermes, an EFG Holding Company and the leading investment bank in the Middle East and North Africa (MENA), announced today that its investment banking division successfully completed its advisory on the USD 515 million initial public offering (IPO) of Alef Education Holding (Alef Education), an award-winning AI-powered learning solutions provider based in Abu Dhabi, on the Abu Dhabi Securities Exchange (ADX). EFG Hermes acted as Joint Global Coordinator and Joint Bookrunner on the transaction.
Alef Education offered a total of 20% of its total issued share capital through the sale of 1.4 billion existing shares held by Tech Nova Investment – Sole Proprietorship L.L.C and Kryptonite Investments L.L.C. – O.P.C. at AED 1.35 per share, implying a market capitalization of AED 9.45 billion (USD 2.6 billion).
The IPO captured overwhelming demand from local, regional, and international investors, with the total book covered approximately 39 times. The company began trading today under the ticker [AlefEdT].
Mostafa Gad, Global Head of Investment Banking at EFG Hermes, commented, “The IPO of Alef Education on the ADX is a landmark achievement, marking our first Joint Global Coordinator role on an IPO on the ADX and representing the first tech listing in the UAE with a public offering. The overwhelming demand for Alef Education’s shares underscores the company’s compelling equity story and significant growth potential, as recognized by a diverse group of investors. This successful IPO is not just a testament to Alef Education’s innovative approach to digital learning but also a reflection of our steadfast commitment to supporting the development of the UAE and the broader GCC capital markets. With this being our tenth ECM transaction in the GCC and sixth in the UAE this year, we continue reinforcing our dedication to fostering market growth and delivering exceptional value to our clients. We are proud to contribute to this pivotal moment in the UAE’s evolving financial landscape, and we look forward to further opportunities that drive progress and innovation in the region.”
Alef Education is an award-winning provider of AI-powered personalized learning solutions and digital education resources provider across grades K-12 for governments, primary and secondary schools, educators, students, and their parents in the UAE and globally. Alef Education has successfully enhanced student performance, evidenced by an average 8.5% score increase across Arabic and Math in Indonesia. Serving 1.1 million students, 50,000 teachers, and 7,000 schools as of 2023, it boasts consistent profitability, with a 62% average adjusted EBITDA margin (2021-2023), a strong balance sheet, and long-term contracts ensuring revenue stability. Key partnerships, like the long-standing contract with Abu Dhabi’s ADEK, secure predictable revenue for seven years. Operating in the UAE, Indonesia, and the US, the company employs both organic and inorganic growth strategies to capitalize on the growing EdTech sector, driven by an experienced management team committed to post-IPO growth and shareholder value.
This is the latest in a series of landmark deals that EFG Hermes has advised on in the GCC region over the years, including 10 ECM deals in 2024 so far including Alef. Most recently, the investment banking division advised on the private placement of Beyout Investment Group (BIG) on Boursa Kuwait as joint global coordinator and joint bookrunner for the listing, following acting as joint bookrunner on the fully marketed secondary public offering of Saudi Aramco on the Saudi Exchange. The team also recently worked as a joint financial advisor, bookrunner, and Underwriter on Miahona’s IPO with oversubscription for institutional tranche 178.3 times, in addition to acting as joint bookrunner and underwriter on the IPO of healthcare provider Fakeeh Care Group on the Saudi Exchange, with the total book covered almost 119 times which followed the firm’s role in the Accelerated Equity Offering for ADNOC Drilling as a Joint Global Coordinator and Joint Bookrunner for. Furthermore, the Firm has acted as a joint bookrunner on the IPO of Spinneys, an operator of premium grocery retail supermarkets, on the Dubai Financial Market (DFM), which was covered more than 64 times, and Parkin’s IPO on the DFM – the most oversubscribed IPO on the DFM to date.
made.

Related Posts:

Omidar Strengthens Market Presence with Strategic Partnerships at “The Capital Way Mall” on Suez Road

Meet Samsung Galaxy Tab S11 Series: Packing Everything You Expect from a Premium Tablet

Meet Samsung Galaxy S25 FE: The Gateway to the Galaxy AI and Flagship Essentials

DoubleTree by Hilton Resort & Spa Marjan Island Appoints Meltem Erbay as the Director of Operations

Mastercard partners with Qlub to transform digital payments in the GCC hospitality sector

Don’t let the cookies bite: Kaspersky warns of the looming threat of web session hijacking

GB Auto Launches Exclusive Promotional Campaign on the All-New Hyundai “Santa Fe” in the Egyptian Market

Celebrate The Third Beat of ALAYA With a One-Night-Only Anniversary Extravaganza

آخر الأخبار
مطار العريش يستقبل الطائرة الإغاثية السعودية الـ (61) الموجهة لإغاثة الشعب الفلسطيني في التحالف من أجل الإبداع والترفيه يُحقق انتصاراً كبيراً ضد قرصنة المحتوى الرياضي بالتعاون مع السلطات ا... جولد بيليون:الذهب يحقق أكبر مكسب أسبوعي في 3 أشهر مصر تثمن اعتماد مجلس جامعة الدول العربية قرار حول "الرؤية المشتركة للأمن والتعاون في المنطقة" لأول مرة.. مصر والبحرين توقعان اتفاقية إنشاء المجلس الشبابي البحريني-المصري الغردقة تستعد لاستضافة حفل تكريم كامل أبو علي كرجل الأعمال الأفضل 2025 25 شهيدًا منذ فجر اليوم في غزة.. الاحتلال يستهدف المدنيين خلال تسلّم المساعدات القاهرة تحتضن منصة 2MD Opinion ومشروعات Heal’n وNOTA أبرز أنشطة وزارة التعليم العالي خلال أسبوع الرئيس الأمريكي السابق جو بايدن يخضع لجراحة لإزالة ورم سرطاني أنشطة وزارة التنمية المحلية خلال أسبوع وزيرا الزراعة والشؤون النيابية يتفقدان أحد النماذج التعاونية المنتجة بجنوب إيطاليا أحمد العوضى يبدأ تصوير مسلسله الجديد على كلاى منتصف أكتوبر تامر حسين يطمئن الجمهور على الحالة الصحية لـ شيرين عبد الوهاب الأرصاد الجوية تكشف تفاصيل طقس اليوم الجمعة رئيس هيئة الرعاية الصحية يشهد توقيع مذكرة تفاهم مع شركة أوركيديا هيئة الرقابة المالية توافق على تسجيل 4 مشروعات خفض طوعي للكربون بقواعد بيانات الهيئة وزير الصحة يتلقى تقريرًا حول التقدم التنفيذي لـ31 مشروعًا صحيًا في 10 محافظات وزير الزراعة: الصادرات الزراعية المصرية تحقق 7 مليون طن حتى الآن وزير الإسكان: 275 ألف م3/يوم الطاقة التصميمية لمحطات تحلية مياه البحر بمحافظة مطروح