Page 52 - ALEF EDUCATION PR REPORT MARCH 2025

4/2/25, 9:43 AM Alef Education Shareholders Approve AED 402.8 Million Dividend For 2024 - OneArabia
Business
Alef Education Shareholders Endorse AED 402.8 Million Cash Dividend For
Financial Year 2024

By OneArabia
Published: Friday, March 28, 2025, 18:46 [GST] Alef Education Holding Plc recently concluded its inaugural Annual General Meeting (AGM) with success.
Shareholders endorsed the Board of Directors’ report on the company’s operations and financial statements for the fiscal year ending 31st December 2024. They also
approved cash dividends totalling AED199.2 million for the second half of FY 2024, with AED67.5 million allocated to free float investors in April 2025.

The total dividend for FY 2024 reached AED402.8 million, highlighting Alef Education's dedication to providing sustainable value to shareholders through a clear
dividend policy. This policy ensures AED135 million is promised to free float investors annually in both 2024 and 2025. The AGM also showcased Alef Education's
strong financial and operational achievements since its IPO on the Abu Dhabi Stock Exchange (ADX) in June 2024.

Alef Education reported impressive financial results for FY 2024, achieving a net profit before tax of AED491.7 million, marking a 6% increase compared to the previous
year. The company's revenue reached AED759.0 million as it expanded its reach to 1.4 million students through innovative learning solutions.

EBITDA grew by 5% year-on-year, amounting to AED512.2 million, reflecting Alef Education's solid financial standing supported by cost optimisation efforts. The
company maintained an EBITDA margin of 67.5%, driven by strategic business-to-business partnerships and resilient long-term business-to-government contracts.

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