Page 220 - ALEF EDUCATION PR REPORT MAY 2024

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)

(This story has not been edited by Devdiscourse staff and is auto-
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announces-intention-to-list-on-adx