Page 45 - ALEF EDUCATION PR REPORT MAY 2024

5/30/24, 11:22 AM Alef Education Holding announces intention to list on ADX

"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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