Page 40 - ALEF EDUCATION PR REPORT NOVEMBER 2024

Alef Education included in MSCI UAE Small Cap

Index

Inclusion signals strong financial performance and future growth
Published: Thu 28 Nov 2024, 10:09 PM

• By

• A Staff Reporter

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 November 25. The inclusion holds further significance as
it comes more than a week after Alef Education announced robust financial results for the period
ending September 30, 2024. The company reported an eight per cent increase in adjusted profit
before tax to Dh379 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

https://www.khaleejtimes.com/business/markets/alef-education-included-in-msci-uae-small-
cap-index