Page 249 - ALEF EDUCATION PR REPORT MAY 2024
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5/20/24, 1:07 PM Alef Education will be UAE's third IPO of 2024 - and first in Abu Dhabi | Markets – Gulf News
Dividend policy
Alef Education will adopt a semi-annual dividend distribution policy, with that for H1 to
be paid in the fourth quarter of a year and the next paid during the second quarter of the
following year.
The company intends to pay a minimum dividend amount of Dh135 million during
2024 and 2025.
"If during the minimum dividend guaranteed period, the portion of the declared
dividend to all shareholders (other than the selling shareholders) falls below the
intended target, then the selling shareholders may - subject to not breaching AAOIFI
Shariah standards - forgo their right to receive dividends to the extent necessary," said a
statement. And use these to pay the intended target minimum dividend amount to other
shareholders.
https://gulfnews.com/business/markets/alef-education-will-be-uaes-third-ipo-of-2024---and-first-in-abu-dhabi-1.1716181808064 4/6
