Alef Education Approves AED 402.8 Million Dividend for 2024 Following Strong Financial Results

Alef Education Holding Plc (‘Alef Education’), a leading AI-driven learning solutions provider, has announced the approval of a final cash dividend of AED 402.8 million for the financial year 2024, reflecting a 90% payout ratio. This decision was finalized during the company’s first Annual General Meeting (AGM), underscoring its commitment to delivering sustainable value to shareholders.

Key Dividend Highlights

• Total Dividend: AED 402.8 million for FY 2024.

• Free Float Investors Share: AED 135 million allocated for 2024, with an additional AED 135 million planned for 2025.

• Upcoming Payment: AED 67.5 million to be distributed to free float investors in April 2025.

• Dividend Per Share: 10 fils, with a current dividend yield exceeding 9%.

Strong Financial Growth Since IPO

Alef Education has reported impressive financial performance since its listing on the Abu Dhabi Securities Exchange (ADX) in June 2024. The company achieved a net profit before tax of AED 491.7 million, marking a 6% year-on-year growth. Additionally, revenues for FY 2024 reached AED 759.0 million, driven by increased adoption of its AI-powered learning solutions.

The company also recorded a 5% year-on-year surge in EBITDA, reaching AED 512.2 million, with a 67.5% EBITDA margin. This growth has been attributed to strategic B2B partnerships and the stability of long-term B2G contracts.

H.E. Abdulhamid M. Saeed Alahmadi, Chairman of Alef Education, stated:
"Since our landmark IPO, Alef Education has continued to strengthen its financial and operational performance. Our robust dividend policy reflects our commitment to sustainable growth and long-term value creation for our shareholders."

Strategic Milestones and Market Expansion

During the AGM, Geoffrey Alphonso, CEO of Alef Education, highlighted the company’s strategic achievements, including:

• Inclusion in the MSCI UAE Small Cap Index (November 2024), reinforcing investor confidence.

• Expanding its footprint to 1.4 million students, leveraging AI-powered educational tools.

• Securing a major contract worth AED 30 million, spanning a three-year period.

• Collaboration with MetaMetrics® to develop ‘Miqyas Al Dhad’, an AI-powered Arabic literacy tool aimed at advancing language proficiency across the Arab world.

• Strengthening partnerships with multiple Ministries of Education, promoting the adoption of AI-driven learning technologies.

Future Outlook: Growth, Innovation, and Market Leadership

Alef Education remains committed to expanding its presence in key markets and investing in AI-driven learning solutions. The company’s long-term strategy focuses on:

• Enhancing operational efficiency to sustain profitability.

• Scaling AI-powered education solutions for broader adoption.

• Unlocking new market opportunities across the region.

With a dominant market position in the UAE and a strong financial foundation, Alef Education aims to drive innovation, digital transformation, and long-term shareholder value in the evolving AI-driven education sector.