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11/27/24, 8:21 AM Alef Education Achieves MSCI UAE Small Cap Index Inclusion Signalling Strong Financial Performance and Future Growth - Middl…
Alef Education Achieves MSCI UAE
Small Cap Index Inclusion Signalling
Strong Financial Performance and
Future Growth
November 25, 2024 15
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.
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