Page 46 - ALEF EDUCATION PR REPORT MARCH 2025
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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 Date
402.8 Million Final Cash Dividend For Year 2024 2025-03-29 05:16:42
Following Strong Financial Performance
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(MENAFN- Mid-East Info)
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.
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.
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