Page 66 - ALEF EDUCATION PR REPORT NOVEMBER 2024

11/19/24, 1:17 PM Latest News
years, the contract was extended by two years until 2030. With this latest extension, the current validity of the
agreement has now been extended until the end of 2033.

Geoffrey Alphonso, CEO of Alef Education, said, “We are delighted with this three-year extension to our

contract with ADEK. This development underlines the success that Alef Education and ADEK have achieved
together in improving student learning outcomes in the UAE and our role in developing the future of human

capital. Together, we are committed to further empowering students through our AI-powered solutions. This
extension will enable Alef Education to drive further innovation within the UAE education sector by utilising

technology to support educators while preparing students to reach their full potential.”

The contract, executed with the same commercial terms, will provide services to government school students

in Cycle 2 (Grades 5-8) and Cycle 3 (Grades 9-12), with remuneration set at a contractually agreed-upon
fixed rate per student. In addition, the contract allows Alef Education to charge for actual student numbers

above the minimum threshold, providing a clear path for potential revenue growth.

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