Page 40 - ALEF EDUCATION PR REPORT MARCH 2025

4/2/25, 9:42 AM Alef Education Shareholders Approve AED 402.8 Million Final Cash Dividend for Year 2024 Following Strong Financial Performance …
Alef Education Shareholders Approve AED 402.8 Million

Final Cash Dividend for Year 2024 Following Strong

Financial Performance

March 28, 2025 23

Full year cash dividend of AED 402.8 million approved reflecting 90% payout; delivering value to shareholders.
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, March 2025 – 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.

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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.

EBITDA surged by 5% year-on-year to reach AED 512.2 million, reaffirming Alef Education’s solid financial foundation supported by cost
optimization initiatives. The Company achieved an EBITDA margin of 67.5%, 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
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