Page 17 - ALEF EDUCATION PR REPORT NOVEMBER 2024

Press Release

Alef Education Achieves MSCI UAE Small Cap Index Inclusion Signalling Strong

Financial Performance and Future Growth

Abu Dhabi, 25 November 2024: Alef Education, a UAE-based global leader in education
technology, has been added to the MSCI UAE Small Cap Index, a significant milestone
achieved just five months after its IPO. The inclusion underscores the solid financial and
operational performance of Alef Education and its promising growth prospects.

MSCI confirmed the inclusion in its latest list of additions and deletions, with the change to
take effect after the close of equity markets on 25 November 2024. The inclusion holds further
significance as it comes more than a week after Alef Education announced robust financial
results for the period ending 30 September 2024. The company reported an 8% increase in

adjusted profit before tax to AED 379 million, driven by a solid revenue base from long-term
contracts and a focus on significant cost efficiencies across its operations.

Geoffrey Alphonso, CEO of Alef Education, said, “We are delighted to be included in the MSCI
UAE Small Cap Index as it reflects the global market’s confidence in our strong fundamentals
and strategic vision. This achievement emphasises our commitment to providing innovative
education solutions and our dedication to sustainable growth and value creation for our
shareholders. This milestone will allow Alef Education to diversify its investor base and make
its solid financial foundation and high shareholder returns visible on the global financial
market. At Alef Education, we reaffirm our commitment to driving effective change and

shaping the future of education through progressive, technology-driven approaches.

Morgan Stanley Capital International (MSCI) is an investment research firm that provides
stock indexes, portfolio risk and performance analytics, and governance tools to institutional
investors and hedge funds. The MSCI UAE Small Cap Index is designed to measure the
performance of the small-cap segment of the equity market. MSCI indices are widely used by
investment managers and institutional investors for index funds and as benchmarks for active
investment strategies.

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About Alef Education

Founded in 2016, Alef Education (ALEFEDT) is an award-winning AI-powered learning solutions provider that is
redefining the educational experience for K-12 students and is listed on the Abu Dhabi Securities Exchange
(ADX). The Company has established a strong presence in the education technology sector, operating in
approximately 7,000 schools across the UAE, the US, Indonesia and Morocco. Its flagship AI-integrated Alef
Platform offers personalised learning experiences to more than 1.1 million registered students, enabling them