Page 235 - ALEF EDUCATION PR REPORT MAY 2024

5/22/24, 2:30 PM Alef Education Holding announces intention to list on ADX | Welcome to Mantra
international governments, customers, and partners – including ADEK – has culminated in this milestone moment.
“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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