Al Faleh Educational Holding AGM approves dividend for year-ended August 2024; elects two independent members to board

Shareholders of Al Faleh Educational Holding have approved the board's recommendation to distribute cash dividends equivalent to QR0.019 for each share for the year ended August 31, 2024, having achieved an Ebitda (earnings before interest, tax, depreciation and amortisation) of QR35mn and an Ebitda margin of 31%, alongside a net profit growth of 3%.

This was accorded at the annual general assembly meeting via Zoom, attended by the chairperson and founder Dr Sheikha Aisha bint Faleh al-Thani, the company’s chief executive officer Sheikha Anwar bint Nawaf al-Thani, and the board members including Sheikh Mohamad bin Nawaf al-Thani and Sheikh Khalid bin Nawaf al-Thani.

“The company's financial results for the year 2024 reflect its commitment to maximising positive and added value for shareholders," Sheikha Aisha said, adding: "This impressive growth demonstrates our ongoing dedication to executing our strategic plan and our commitment to delivering added value to our shareholders.”

The company has successfully launched new programmes in the higher education arm of the group; BSc Computing Science, BA (hons) Politics and International Relations in addition to the Master of Public Health.

Doha International Kindergarten has joined Doha Academy Al Waab and Salwa branches on the highest accreditation pathway “ACE Learning”, from the New England Association of Schools and Colleges (NEASC). In addition, Doha International Kindergarten conducted its Qatar National Early Years Evaluation (QNEYE) and was successfully awarded four years’ full accreditation. Both Doha Academy Al Waab and Salwa branches were awarded the Qatar National Schools Accreditation (QNSA) for three years in 2022.

“We are dedicated to pursuing opportunities for growth, innovation, and sustainability. Al Faleh Educational Holding will remain a symbol of excellence in the Education industry, bringing pride to our shareholders,” said Sheikha Anwar.

The general assembly approved the election of Aisha al-Nasr and Rajesh Menon as two independent members of the board of directors from December 5, 2024 to March 15, 2026 (end of term of the first board of directors).

The meeting also approved the appointment of Russell Bedford as an external auditor for the company for the year ended August 31, 2025 and also approved the auditors’ report on the appropriateness and effectiveness of internal control systems implemented in the company for the year ended August 31, 2024.

With more than 20 years of experience in the education sector, the holding encompasses Doha Academy Schools, Doha International Kindergarten and AFG College with the University of Aberdeen. Being the first company that listed on Qatar Stock Exchange venture market, Al

Faleh is the first woman-led Qatari public shareholding company and it is also the first Qatari educational institution to be listed on the stock market.