Page 89 - ALEF EDUCATION PR REPORT - JUNE 2024

6/13/24, 10:43 AM Alef Education lists on Abu Dhabi Securities Exchange – The Gulf Time Newspaper
Alphonso, in turn, stated, “The robust demand for shares of Alef Education is a vote of confidence in the
company’s strong fundamentals and attractive growth prospects. The Group’s robust financial position and

capacity to raise capital position it well to take advantage of growth opportunities and continue maximising
shareholder value. As an established EdTech player with a strong track record of success across its
countries of operation, including the UAE, Indonesia, the US, and Morocco, Alef Education stands to benefit

from further scale as a market leader.”
For the financial years ending 31st December 2024 and 2025, the company intends to pay a target minimum

dividend amount to investors equivalent to an annualised dividend of AED135 million relating to its
performance for the financial year ending 31st December 2024 and AED135 million relating to its
performance for the financial year ending 31st December 2025.

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