Integrated Annual Report 2024
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Our platforms reach 1.4 million registered students and 50,000 teachers, across the UAE, Indonesia, Morocco, Saudi Arabia, and the United States.
We boast highly visible long-term revenues, consistent performance across all financial ratios, guaranteed dividends with a long-term payout ratio, and a growth focused strategy backed by an unlevered balance sheet.
We collaborate with government and private-sector partners to develop and deliver impactful solutions with significant commercial and social potential.
We strategically develop in our core capabilities in education and technology, by attracting top talent and investing in continuous development of future-ready skills.
We believe in harnessing EdTech for good and creating value for all stakeholders in the learning ecosystem. Our vision for sustainability is expressed through an ESG strategy that is directly tied to our core business.
In 2016 we began with a digital education platform purpose-built for the UAE. Today, we have expanded our portfolio to deliver a range of modules, in multiple languages, with customisations that meet the specific needs of a variety of students, parents, and teachers.
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target payout ratio
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avg. dividend yield
AED
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mn.
total dividend (free float)
Fils
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Dividend per Share (free float)
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products launched
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Governmental MoUs signed
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Countries,
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students Field-Testing new products
Miqyas Al Dhad launched via JV with MetaMetrics
H.E. Abdulhamid M. Saeed Alahmadi
Chairman
We are witnessing a pivotal shift: regional governments, institutions, and communities are investing heavily in education - recognising it as a cornerstone for economic competitiveness and future prosperity. We are excited to be at the forefront of the region’s transformative journey.
Alef Education is home to an exceptional team of professionals, helmed by a highly experienced leadership team with in-depth expertise in education and technology.
Geoffrey Alphonso
Chief Executive Officer
Our teams have been busy this year; launching a number of products and initiatives, including Miqyas Al Dhad – a Joint-Venture with MetaMetrics that is debuting an innovative new framework to improve the literacy skills of Arabic speakers across the Arab world. Our products and solutions continue to stand out for their innovative use of technology, creative problem-solving, and exceptional design.
Our work with governments across the GCC and other high-growth markets is reaching an exciting new phase; spurred by new contracts, pilot projects, field tests, and promising partnerships entered into in 2024.
In November 2024, at COP29, we joined with ICESCO member states in important conversations about empowering girls through climate action, emphasising the power of collaboration to address this critical issue.
Great Place to Work
Re-certified
Disruptor award at Bett Asia Awards
SIIA CODiE Award
Ranking on the GSV-150 List
MoU with UNICEF and KICD for Climate Education in Kenya
Partnership with UAE-MoE to Support the Humanitarian School
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Discussions Underway with Publishers and
Assessment Providers
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students able to access climate education content
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schools linked to access climate education content
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devices donated in 2024, in addition to
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in 2023
Amit Choudhary
Chief Financial Officer
FY2024 was a year of steady growth with a corresponding stable financial performance for the Company - our profit increased by AED 28.1 million, and our net profit margin, of 65%, continued to outperform industry benchmarks. EBITDA rose 5% YoY to AED 512.2 million, resulting in an EBITDA margin of 67.5%, growing by 230bps. This impressive result underscores the financial resilience of our business model and the cost-efficiency of our operations.
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