Page 57 - ALEF EDUCATION PR REPORT - JULY 2024

Alef Education Records AED 249 Million Adjusted

Profit In First Half Of 2024

By OneArabia

Published: Tuesday, July 30, 2024, 13:54 [GST]

Alef Education Holding has announced its financial results for the period ending 30th June
2024. This is the first report since its initial public offering on the Abu Dhabi Securities
Exchange in early June 2024. The company recorded a 7% rise in adjusted profit before tax,
reaching AED249 million compared to AED233 million from the previous year.

The company's AI-powered products, which help students achieve their potential, are in
high demand. Alef Education continues to use advanced technology to improve existing
educational tools and create new solutions for its growing user base. Geoffrey Alphonso,
Chief Executive Officer of Alef Education, stated, "Alef Education's solid first half results
demonstrate our ability to consistently deliver robust financial performance, which is
underpinned by the predictability and stability that stems from our long-term contracts and
the confidence our partners have in our ability to improve educational outcomes."

https://www.onearabia.me/business/alef-education-reports-profit-growth-h1-2024-011-
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