Integrated Annual Report 2024
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H.E. Abdulhamid M. Saeed Alahmadi
Chairman
Dear shareholders,
I am proud to present Alef Education’s first integrated annual report since its debut on the Abu Dhabi Stock Exchange (ADX) in June 2024.
During the year 2024, the Group maintained and improved on its industry-leading profitability margins, supported by a strong revenue base and cost efficiencies. We reported 6% YoY growth in net profit before tax, to reach AED 491.7 Mn. in 2024. Supported by the strong foundation provided by our strategic partnerships and long-term contracts we recorded revenues of AED 759.0 Mn. during the year. Since 2016, our goal has been to positively impact student learning by delivering the best possible outcomes. From Alef Pathways to Miqyas Al Dhad, our diverse product range has enabled us to reach over 1.4 million students – an achievement that underscores the effectiveness of our approach. We have also extended our partnership with ADEK, reaffirming our commitment to innovation and excellence in education.
Attaining these milestones has been a challenge, but also a privilege - and one that our teams and senior management have embraced. 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. I wish to recognise the efforts of each and every individual within the Company who contributed to our success during the year.
Alef Education’s financial performance and growth trajectory are fuelled by our shareholders, to whom we uphold a resolute commitment. Underpinned by the year’s performance and our strong cash flow generation, we are on track to deliver attractive dividend yields to our shareholders, and achieve the long-term payout ratio target of 90%. In addition to the interim dividends totalling AED 203.6 million (AED 67.5 million for free float shareholders), the Board of Directors has proposed a final cash dividend of AED 199.2 million (AED 67.5 million for free float shareholders), bringing the total dividend for the year to AED 402.8 million.
The long-term success of our enterprise hinges on our ability to create value for our shareholders and all our stakeholders. The Board is committed to providing the required oversight and guidance that will see the Company continue to deliver strong returns to our shareholders, while achieving sustainable and profitable growth through a combination of strategic market expansion 
, and a disciplined approach to innovation .
We will also continue to prioritise accountability that protects our shareholders’ rights, while ensuring ethical conduct and compliance across all avenues; from transparency and equity, to responsible data governance. The detailed Corporate Governance report appended with this annual report provides an overview of Alef Education’s governance framework that is a reflection of our commitment to creating a positive and inclusive environment for stakeholders, which keeps our mission of transforming education at the forefront.
The Middle East is experiencing a period of rapid transformation, driven by significant investments in human capital and a growing focus on innovation and economic diversification.
We are witnessing a pivotal shift: regional governments, institutions, and communities are investing heavily in education – recognizing it as a cornerstone for economic competitiveness and future prosperity.
With a young and vibrant population eager to excel, a growing focus on Arabic literacy, and robust digital infrastructure at institutions, schools, and homes; the Middle East is poised to become a leader in education. This has created a dynamic and burgeoning EdTech market, with public and private sector schools actively developing and implementing comprehensive EdTech strategies.
Alef Education is proud to be among the pioneers in this space, effectively integrating technology into thousands of classrooms across the region. Our solutions are harnessing this top-down desire to invest in the nexus of education and technology; engaging a pool of talented, digitally literate, and entrepreneurial young professionals; forging groundbreaking new public-private partnerships; empowering decision-makers; and ultimately delivering real results for students and educators across the region.
We are excited to be at the forefront of the region’s transformative journey, leveraging technology to empower learners and contribute to economic and social progress.
At the heart of this mission lies a deep understanding and resolute commitment to student and educator experiences and overall learning outcomes. Our approach to integrating AI reflects this understanding. We believe technology should enhance, not replace, the human element. As such, our products are designed to be engaging and easy to use, fostering a love of learning. For educators and institutional decision-makers, our platform provides invaluable support, streamlining administrative tasks, delivering real-time data insights, and equipping them with high-quality educational materials.
Our commitment to students and educators is expressed in the pursuit of demonstrable educational outcomes and attainment. For this purpose, we analyze vast quantities of data, conduct comprehensive pilots and field-tests, listen to the needs of our stakeholders, and conduct rigorous research across a number of geographies.
Our findings are proving the transformative power of Alef Education’s solutions: to positively impact student learning outcomes and enhance educator experiences.
I am confident that with the dedication of our talented team, the support of our shareholders, and the unwavering commitment to our stakeholders and our overarching mission, Alef Education is well positioned for continued success. We are excited about the future and the transformative impact we will continue to have on the education sector in the region and across the globe.
