Page 42 - ALEF EDUCATION PR REPORT NOVEMBER 2024

11/27/24, 11:41 AM Alef Education becomes part of MSCI UAE Small Cap Index
Alef Education becomes part of MSCI UAE Small Cap Index
Inclusion comes more than a week after the company announced robust financial results

Alef Education operates in approximately 7,000 schools across the UAE, the US, Indonesia and Morocco
Published: Tue 26 Nov 2024, 4:40 PM
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, 2024. 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 8 percent increase in adjusted
profit before tax to AED379 million, driven by a solid revenue base from long-term contracts and a
focus on significant cost efficiencies across its operations.

Read: How Alef Education shapes the future of learning in MENA
Diversify investor base
“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 emphasizes
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

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