Abu Dhabi – Mubasher: The shareholders of Alef Education Holding approved the board of directors’ report on the company’s activity and its financial statements for the financial year ended on 31 December 2024, according to a press release.
The approval included the distribution of cash dividends amounting to AED 199.20 million for the second half (H2) of 2024, of which AED 67.50 million will be distributed to free float investors in April 2025.
This brings the total dividend payout for 2024 to AED 402.80 million, underscoring Alef Education’s dividend policy which is promising a total of AED 135 million to its free float investors in each year 2024 and 2025.
Financial Performance since IPO
Chairman of Alef Education, Abdulhamid M. Saeed Alahmadi, highlighted the strong financial and operational performance of the company since its landmark initial public offering (IPO) on the Abu Dhabi Stock Exchange (ADX) in June 2024.
Alef Education delivered strong financial results in 2024, reporting a net profit before tax of AED 491.70 million which reflected a 6% year-on-year (YoY) growth.
With the expansion of Alef Education’s footprint, now reaching 1.40 million students through innovative learning solutions, the company reported a revenue of AED 759 million.
EBITDA surged by 5% YoY to reach AED 512.20 million, reaffirming Alef Education’s solid financial foundation supported by cost optimization initiatives. This was in addition to achieving an EBITDA margin of 67.50%, driven by strategic B2B partnerships and the resilience of long-term B2G contracts.
The CEO of Alef Education, Geoffrey Alphonso, said: "2024 was a transformational year for Alef Education. Our successful IPO, swift inclusion in the MSCI UAE Small Cap Index, and our expanding strategic partnerships solidify our position as a leader in AI-powered education.”
Alphonso concluded: “As we continue to drive innovation and operational excellence, we remain committed to delivering long-term value for our shareholders, students, and stakeholders."
As part of its growth strategy, Alef Education secured a contract worth more than AED 30 million for a three-year period in addition to partnering with MetaMetrics® to develop Miqyas Al Dhad, an innovative tool designed to advance Arabic literacy across the Arab world.
Looking ahead, Alef Education will continue to invest in AI-driven learning solutions, enhance operational efficiencies, and scale its presence.
With a well-defined strategy and a dominant market position in the UAE, the company aims to unlock new growth opportunities, expand into key markets, and sustain long-term profitability.
