Page 67 - ALEF EDUCATION PR REPORT FEBRUARY 2025

The company secured three new government contracts in the UAE valued at
approximately AED40 million. These agreements focus on developing personalised
educational content and reinforce Alef Education's strategic relationships within the
B2G segment. Such wins highlight the company's commitment to enhancing its value
proposition and deepening collaboration with key partners.

In addition to government contracts, Alef Education experienced a significant increase
in B2B product sales. The number of paid schools in the UAE doubled from 82 to 167
this year, indicating increased market penetration. This expansion suggests that
private sector revenues will play a larger role moving forward.
Commitment to Shareholders

Alef Education remains committed to delivering value to shareholders through a
strong dividend program. As promised during its IPO, it guarantees a minimum
dividend payout of AED135 million annually for FY2024 and FY2025 for free-float
investors. In Q3 2024, AED 67.5 million was distributed as interim dividends, totalling
AED 203.6 million for all shareholders.

The dividend yield for free-float shareholders reached about 8.7% based on recent
share prices. This positions Alef Education as offering one of the most attractive
returns in the market, reinforcing its focus on maximising shareholder value while
continuing to impact students globally.
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With inputs from WAM

https://www.onearabia.me/business/alef-education-reports-strong-growth-in-2024-011-
98749.html