Alef Educational Organization has announced that this organization plans to be listed on the main market of the Abu Dhabi Stock Exchange (ADX) in order to continue its initial public offering and the offering of its ordinary shares.
Publish dateMonday 20 May 2024 - 16:19
The selling shareholders expect to sell 20% of the total issued share capital of Al-Education (equivalent to 1,400,000,000 shares). All of the shares are outstanding shares being sold by the selling stockholders, Teknova, Sole Proprietorship Investments LLC and Kryptonite Investments LLC, and the Company will not receive any proceeds from this offering.
The company expects the subscription period of the first tranche offer (individual investors, natural persons, companies and institutions) to run from May 28 to June 4, 2024.
The second chip offer subscription period (Professional Investors) will run from May 28 to June 5, 2024.
The shares are expected to be admitted to trading on the ADX on June 12, 2024.
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Source : news agency wam
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