“A thousand education” adopts the distribution of cash dividends of 402.8 million dirhams for 2024

A thousand Holding Holding Holding BLC (Alf for Education) announced the conclusion of the first annual general assembly meeting, as the shareholders approved the report of the Board of Directors regarding the company’s activity and its financial data for the fiscal year ending 31 December 2024 (fiscal year 2024), including the distribution of cash dividends of 199.2 million dirhams for the second half of the fiscal year 2024, of which 67.5 million dirhams are scheduled to be distributed to shareholders with free shares trading In April 2025.
With this step, the total profits distributed for the fiscal year 2024 reaches 402.8 million dirhams, which confirms the commitment of “a thousand education” to provide a sustainable value to its shareholders through a strong and transparent profit distributions policy that promises to provide annual profits with a total of 135 million dirhams for its shareholders of free shares in exchange for each of the years 2024 and 2025.
During the meeting, Abdel Hamid Mohamed Saeed Al -Ahmadi, Chairman of the Board of Directors of “Alf for Education”, stressed the strength of the financial and operational performance achieved by the company since its insertion in the Abu Dhabi Securities Market in June 2024. The “Alf for Education” during the past year recorded strong financial results, and achieved a net profit before the tax at a value of 491.7 million dirhams, with a growth of 6% on an annual basis.
The company continued to expand its attendance, to reach the base of the beneficiaries of its innovative educational solutions to 1.4 million students around the world. The company’s revenues reached 759.0 million dirhams, while the profits increased before calculating benefits, taxes, consumption and destruction to 512.2 million dirhams, an increase of 5 % compared to last year, as a result of controlling expenses and costs. The profit margin before calculating interest, taxes, consumption and destruction reached 67.5%, thanks to the strategic partnerships of “Alf for Education” within the form of dealing with companies and schools (B2B) and their long -term institutional contracts with government agencies.

Jeffrey Alfonso, CEO of “Alf for Education”, said: “The year 2024 formed a milestone for” Alf for Education “, where the success of the initial public offering, and the rapid joining the MSCI UAE index for companies with small capital, along with expanding our strategic partnerships, contributed to consolidating our position as a leading company in the field of artificial intelligence -backed education. While we move forward in pushing the innovation and excellence wheel The operational, we confirm our commitment to providing a long -term value to our shareholders, students and all concerned. “
The General Assembly meeting highlighted the most prominent initiatives of developing the company’s business during the fiscal year 2024. In the context of its ambitious strategy for growth, “A thousand education” concluded a contract worth 30 million dirhams for a period of three years in the year 2024.
Alf has also cooperated to education with “Tametrics® “to develop the” DAD scale “, an innovative tool backed by artificial intelligence aimed at developing and enhancing reading skills in Arabic in various parts of the Arab world. The company also established its attendance by signing several memoranda of understanding with the ministries of education in several countries to adopt the “scale” to enhance reading skills in the Arabic language.
A thousand education is looking to continue investing in learning solutions supported by artificial intelligence, enhancing operational efficiency, and expanding its presence. Based on its studied strategy and established position in the UAE, the company seeks to explore new prospects for growth and achieve sustainable profitability in the long term.