Page 250 - ALEF EDUCATION PR REPORT MAY 2024

5/20/24, 1:07 PM Alef Education will be UAE's third IPO of 2024 - and first in Abu Dhabi | Markets – Gulf News

We intend to solidify our market leadership

at home and grow our presence across our

target markets through continued
investment in our digital capabilities

- Geoffrey Alphonso, CEO of Alef Education

According to Geoffrey Alphonso, CEO of Alef Education, “With an agile and asset-light

business model, we are highly cash-generative and able to deliver growth with limited

capital requirements.

"Benefiting from an unlevered balance sheet, market-leading profitability margins,

strong revenue visibility, and trusted relationships with our customers, we are well

positioned to capitalise on favourable market trends to scale our platform, accelerate
growth, and deliver sustainable value for all our stakeholders."

High on growth chances

2024 has all the makings of another bumper year for IPOs in the UAE. In Saudi Arabia,

there continues to be a flood of new offerings. "Alef Education marks yet another

opportunity for investors to capitalize on the growth of the education sector using
superior tech platforms," said Sameer Lakhani, Managing Director of Global Capital

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