Page 217 - ALEF EDUCATION PR REPORT MAY 2024

"With a robust governance framework, seasoned leadership team, and clear
growth strategy, we firmly believe that Alef Education is ready to become a
publicly listed company. We are not only offering investors the opportunity to
participate in the growth of a company with a truly unique proposition - as the
first-ever EdTech company to be listed in the UAE - but also one that is operating
in a sector with considerable tailwinds, growth, and value drivers."Geoffrey
Alphonso, Chief Executive Officer of Alef Education, commented, "To date, our
growth has been strongly supported by - and continues to benefit from - the UAE
government's focus on providing quality education to a broad student base and
increased fiscal spending allocated to education, totalling over 15 per cent of the
UAE federal budget in 2023. This remains true across and beyond the GCC, with
the MENA region allocating an average of 4% of GDP towards education spending
in 2022." (ANI/WAM)

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