Page 37 - ALEF EDUCATION PR REPORT MARCH 2025

4/2/25, 9:41 AM Alef Education shareholders approve $109.6mln cash dividend for 2024

Alef Education showcased two pivotal climate action programmes to demonstrate its commitment. Image Courtesy: Alef Education
Alef Education shareholders approve $109.6mln cash dividend for 2024

Alef Education delivered strong financial results in FY 2024
KN, WAM (Emirates News Agency)

March 31, 2025

ABU DHABI: Alef Education Holding Plc (Alef Education) 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 31st
December 2024 (FY 2024), including the distribution of cash dividends amounting to AED199.2 million for the second half of FY 2024 of which
AED67.5 million will be distributed to free float investors in April 2025.
The approval brings the total dividend for FY 2024 to AED402.8 million, underscoring Alef Education’s commitment to delivering sustainable value to
its shareholders through a robust and transparent dividend policy promising a total of AED135 million to its free float investors in each year 2024 and
2025.

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During the AGM, 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 AED491.7 million, reflecting 6 percent 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 AED759.0 million.

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