Page 70 - ALEF EDUCATION PR REPORT - JULY 2024

o Potential for a three-year extension (currently under discussion)

o Guaranteed minimum of 80,000 students with a fixed fee per student
3. Operational Efficiency: The company’s ability to maintain revenue while significantly
reducing costs demonstrates its operational prowess and adaptability in a competitive
market.

Future Growth Prospects
Alef Education is poised for accelerated growth in the coming months, supported by:

1. New B2G Contract: A confidential two-year agreement in the UAE, valued at AED31
million, focuses on developing and delivering values-based Islamic content.
2. Strong Market Confidence: The company’s IPO was oversubscribed 39 times,
indicating robust investor faith in its growth potential and business model.

3. Expansion Opportunities: With its proven track record in the UAE, Alef Education is
well-positioned to explore new markets and partnerships globally.

Industry Perspective

Geoffrey Alphonso, CEO

Geoffrey Alphonso, Chief Executive Officer of Alef Education, commented on the results: “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.”

Analysis and Outlook
Alef Education’s financial performance in H1 2024 showcases its resilience and strategic focus
on profitability. The company’s ability to expand profit margins significantly above industry

https://blog.jobxdubai.com/2024/07/30/alef-education-reports-h1-2024/