The company said in a statement to Souq Abu Dhabi The Finance Ministry said on Thursday that Alef Education’s revenues amounted to 551 million dirhams (about 150 million dollars) within 9 months, an annual increase of 2.5 percent.
According to the statement, the company’s adjusted earnings before interest, taxes, depreciation and amortization amounted to 395 million dirhams, an increase on an annual basis of 5.8 percent, in 9 months.
During the third quarter of this year, Alef Education’s revenues increased by 5.8 percent year-on-year.
The company’s adjusted earnings before interest, taxes, depreciation and amortization amounted to 136 million dirhams, an increase of 9.6 percent year-on-year.
The Board of Directors approved the disbursement of interim dividends amounting to 204 million dirhams, which were paid during the third quarter of the year 2024 to all shareholders, for the first half of the current year.
The company also stated in its statement that it had signed its first contract in the Kingdom of Saudi Arabia, “which represents a major achievement in the company’s growth strategy,” according to the statement.
