Page 32 - ALEF EDUCATION PR REPORT - JULY 2024

7/31/24, 11:11 AM Alef Education Reports 7% Increase In H1 Profit To $67.8M
Alef Education Posts 7% Rise In H1 Profit To $67.8M On Higher

Revenue

By Muhammad Addam Forbes Middle East Staff Jul 30, 2024, 17:15 PM

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Alef Education currently holds a 58% market share in the UAE, serving 232 out of 403 private schools. Image by Alef
Education Holding / LinkedIn

Alef Education Holding Plc, an Abu Dhabi-based AI-driven learning solutions provider, has
reported a 7% year-on-year increase in its adjusted profit before tax to $67.8 million (AED 249

million) for the first six months of 2024, in the company's first financial disclosure since its initial
public offering (IPO) in early June 2024.

Financial highlights

The company's profit growth, which reflected a profit margin of 70%, was fueled by its solid
revenue base from long-term contracts and a strategic focus on enhancing cost efficiencies across its

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