Page 91 - ALEF EDUCATION PR REPORT - JUNE 2024

6/13/24, 10:43 AM Alef Education begins trading on ADX after successful $514 million IPO
“The rapid success of Alef Education also reflects the environment the Abu Dhabi
government has created to nurture tech startups and to support their capital markets
journeys,” Alahmadi stated.
Read: Apple shares rise 7.26 percent to record high following AI features release

For his part, Alphonso added: “The robust demand for shares of Alef Education is a
vote of confidence in the company’s strong fundamentals and attractive growth
prospects.” Alphonso also highlighted the company’s robust financial position and

capacity to raise capital, stating that this positions it for further growth.
In the next two financial years, the company aims to pay a target minimum dividend
amount of AED135 million in 2024 and AED135 million in 2025.

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