Page 275 - ALEF EDUCATION PR REPORT MAY 2024

5/20/24, 1:09 PM PRESSR: Alef Education Holding plc announces its intention to list on the Abu Dhabi Securities Exchange — TradingView News
their right to receive dividends to the extent necessary to pay the intended

Target Minimum Dividend Amount to all other shareholders (other than the
Selling Shareholders).

The Company’s ability to pay dividends is dependent on a number of factors,

including the Company's cash requirements in support of achieving strategy in

future periods, future financing capacity, levels of expected future profits and

prevailing market conditions, among others.

Overview of Alef Education

Since its inception in 2016, Alef Education has developed integrated technology-

powered education products and service offerings, providing culturally relevant

digital educational resources catering to the learning needs of K-12 students,

their parents, schoolteachers, principals and schools in the UAE and globally.

Through the integration of technology, data analytics, and pedagogy, Alef

Education is redefining teaching and learning experiences through the

development of a leading K-12 digital education platform in the MENA region.

The initial deployment of its platform commenced in 2017 in the UAE, serving

one school and 200 students. The success of this inaugural year spurred Alef

Education’s subsequent expansion, both domestically and internationally.

Presently, the Group extends its AI-powered and digital educational platform,
resources and products to all public schools and many private schools in the

UAE, boasting a 100% penetration rate among Cycle 2 (Grades 5-8) and Cycle 3

(Grades 9-12) public schools in the UAE. As of 2023, the Group’s platforms,

inclusive of its international ventures, catered to approximately 1.1 million

registered students, 50,000 teachers, and 7,000 schools.

The remarkable growth achieved thus far is strongly supported by the UAE

government’s pursuit of delivering quality education to a broad student
demographic. Notably, the government’s commitment is reflected in its

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