Page 40 - ALEF EDUCATION PR REPORT - JULY 2024

Operating expenses decreased by 6% year-on-year to Dh112 million, reflecting significant savings
in employee, software, legal, and professional spending. The adjusted EBITDA rose 4% to Dh259
million, maintaining an EBITDA margin of 73%.
According to the stock market filings, Alef Education secured a new confidential client contract in
the UAE, valued at Dh31 million, and entered into a memorandum of understanding with the
Kenyan government. The company also signed a reseller partnership agreement with a regional
partner, marking its entry into Kuwait.

Dividend
Alef Education has approved an interim dividend payout of Dh67.5 million for H1 2024, translating
to a dividend per share of approximately Dh0.05. The company remains committed to a Dh135
million dividend payout for its 20% free float investors, with the current dividend yield exceeding
8%, it said in a statement.

https://www.financemiddleeast.com/alef-education-reports-7-increase-in-profit-for-h1-
2024/#:~:text=Alef%20Education%20has%20reported%20a%207%25%20rise%20in,driven%20by
%20strong%20revenue%20performance%20and%20cost%20reductions.