The UAE Education "Alf" communicates with banks to offer their shares on the stock exchange

‘ALF FOR EDUCATION’, an educational technology company in Abu Dhabi, chose the group ‘EFG Holding’ and Abu Dhabi First Bank to work on the first public subscription the company envisages, according to people familiar with the case. Inclusion in the Bursa capital, the capital of the UAE, may occur as soon as possible, according to the people who have requested not to reveal their identity, given the privacy of information. They added that the details of the offer, such as its size and date, are still initially and vulnerable to change. A representative of ‘a thousand for education’ and Abu Dhabi First Bank did not respond to the requests for comment, while a ‘EFG’ spokesman refused to comment. Also read: ‘A thousand for education’ holds preliminary talks to host its shares in the Emirates that the company set up in 2016, and serve the nursery school sector to the twelfth class through technology and services, including an educational platform, curricula and professional development of teachers and artificial intelligence, according to the website. The greatest spending on the education of children in the world is one of the vague families among the largest spending in the world to teach their children. The rise of Dubai as an ideal destination after the corona pandemic has attracted new expatriates to the emirate, where private schools are the way of expatriates to teach their children. The “Education Holding” business runs private schools, and it was included in the Dubai market at the end of 2022. The shares have risen 23% since the first public offering since the first public offering, supported by the rise of the company’s profits, which came thanks to the increase in the number of students. The Middle East has seen a surge in public subscriptions since the end of 2021, due to the high oil prices and the abundance of local liquidity. Most of the proposals in the UAE came as a result of privatization operations, but a number of private property companies also study their shares for trading, such as the Spinneys Dubai and Lulu Global Group, according to Bloomberg.