Page 38 - ALEF EDUCATION PR REPORT MARCH 2025

4/2/25, 9:41 AM Alef Education shareholders approve $109.6mln cash dividend for 2024
EBITDA surged by 5 percent year-on-year to reach AED512.2 million, reaffirming Alef Education’s solid financial foundation supported by cost
optimisation initiatives. The Company achieved an EBITDA margin of 67.5 percent, driven by strategic B2B partnerships and the resilience of long-
term B2G contracts.

Geoffrey Alphonso, Chief Executive Officer of Alef Education, commented, “2024 was a transformational year for Alef Education. Our successful IPO,
swift inclusion in the MSCI UAE Small Cap Index, and our expanding strategic partnerships solidify our position as a leader in AI-powered education.
As we continue to drive innovation and operational excellence, we remain committed to delivering long-term value for our shareholders, students, and
stakeholders.”

The AGM also highlighted key business development initiatives undertaken by the Company during FY 2024. As part of its growth strategy, Alef
Education secured a contract worth more than AED30 million for a three-year period. Additionally, Alef Education partnered with MetaMetrics to
develop Miqyas Al Dhad, an innovative tool designed to advance Arabic literacy across the Arab world.

Alef Education has strengthened its presence having signed several Memorandums of Understanding (MoUs) with ministries of education across
multiple countries, facilitating the adoption of this new AI-powered Arabic literacy tool.

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