Page 35 - ALEF EDUCATION PR REPORT MARCH 2025

4/2/25, 9:41 AM Alef Education shareholders approve AED 402.8mln final cash dividend for year 2024 following strong financial performance

Alef Education Holding concludes first Annual General Meeting. Image Courtesy: Alef Education
Alef Education shareholders approve AED 402.8mln final cash dividend for
year 2024 following strong financial performance

Full year cash dividend of AED 402.8 million approved reflecting 90% payout; delivering value to shareholders
Press Release

March 29, 2025

Total distribution of AED 135 million for year 2024 for free float investors which comprise 20% of the total investor base, out of which AED 67.5
million was paid in August 2024.
Commitment to pay the outstanding AED 67.5 million in April 2025 to free float investors bringing the total divided per share to 10 fils and a
current dividend yield >9%.
Strong financial performance achieved since Alef Education’s landmark listing on the ADX.
Successful inclusion in the MSCI UAE Small Cap Index since November 2024

Abu Dhabi, UAE – Alef Education Holding Plc (‘Alef Education’ or ‘the Company’), an award-winning AI-driven learning solutions provider, today
announced the successful conclusion of its first Annual General Meeting (‘AGM’). Shareholders approved the Board of Directors’ report on the
Company’s activity and its financial statements for the financial year ended December 31, 2024 (‘FY 2024’), including the distribution of cash
dividends amounting to AED 199.2 million for the second half of FY 2024 of which AED 67.5 million will be distributed to free float investors in April
2025.

The approval brings the total dividend for FY 2024 to AED 402.8 million, underscoring Alef Education’s commitment to delivering sustainable value to
its shareholders through a robust and transparent dividend policy promising a total of AED 135 million to its free float investors in each year 2024 and
2025.

Strong Financial Performance and Strategic Growth

During the AGM, H.E. Abdulhamid M. Saeed Alahmadi, Chairman of Alef Education, highlighted the Company’s strong financial and operational
performance since its landmark IPO on the Abu Dhabi Stock Exchange (‘ADX’) in June 2024. Alef Education delivered strong financial results in FY
2024, reporting a net profit before tax of AED 491.7 million, reflecting 6% year-on-year growth. With the expansion of Alef Education’s footprint, now
reaching 1.4 million students through innovative learning solutions, the Company reported Revenues of AED 759.0 million.

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