Page 52 - ALEF EDUCATION PR REPORT NOVEMBER 2024

11/27/24, 8:22 AM Alef Education Achieves MSCI UAE Small Cap Index Inclusion Signalling Strong Financial Performance And Future Growth

Alef Education Achieves MSCI UAE Small Cap

Index Inclusion Signalling Strong Financial

Performance And Future Growth

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11/26/2024 12:31:27 AM

(MENAFN- Mid-East Info) 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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