Al Faleh Educational Holding Company reported a 3.97% year-on-year (y-o-y) revenue growth for the period ending on August 31, 2022, worth QR126.78mn from QR121.94mn in the same period in 2021.
During the company’s board meeting chaired by Sheikha Dr Aisha bint Faleh al-Thani, it was announced that earnings per share (EPS) amounted to QR0.051 for the period ending August 31, 2022, compared to QR0.052 for the same period last year.
The company fared well in cash flow generation, with net cash at the end of the year worth QR11.9mn, an increase of 75.3% from 2021. This was largely the result of stable business performance and improved working capital management. The company’s borrowing decreased to QR22mn as at August 31, 2022, compared to QR33.8mn for the same period in 2021.
Sheikha Anwar bint Nawaf al-Thani, company CEO, said Al Faleh Educational Holding was able to achieve such revenue for several reasons, the most important of which is the increase in the number of students in the schools.
She said: “We expect additional growth for Al Faleh Educational Holding Company in the coming year, especially as we are currently working to get NEASC accreditation for Doha Academy schools, which shows the quality of education in our schools and our keenness to provide the best in the field of education.
“We are also working on introducing a range of specialisations by adding new university academic programmes at AFG College with the University of Aberdeen after obtaining the approval of the Ministry of Education and Higher Education.”
The board stressed the importance of these indicators, which are the main factors in building expectations of future revenues and net profits and enhancing shareholders’ value.
Sheikha Dr Aisha reviewed a range of non-financial achievements during 2021-2022, saying: “After more than 20 years of the establishment of Doha Academy schools, we have built a strong reputation in offering British curriculum with a focus on Islamic ethos within Qatar. We are proud of our students who continue to achieve the highest scores in international examinations. This year, the percentage of students who excelled in their AS Levels reached 86%.
“As for AFG College with the University of Aberdeen, we forged new collaborations through memoranda of understanding that include Al Jazeera Media Institute, beIN, and Talabat. These collaborations support our aspirations to increase the number of our students and provide more job opportunities for our graduates and undergraduates.”
At the conclusion of the meeting, the board recommended to the general assembly, which will be held on November 13, 2022, the distribution of profits to shareholders at the rate of 3.125% of the company’s capital.
During the company’s board meeting chaired by Sheikha Dr Aisha bint Faleh al-Thani, it was announced that earnings per share (EPS) amounted to QR0.051 for the period ending August 31, 2022, compared to QR0.052 for the same period last year.
The company fared well in cash flow generation, with net cash at the end of the year worth QR11.9mn, an increase of 75.3% from 2021. This was largely the result of stable business performance and improved working capital management. The company’s borrowing decreased to QR22mn as at August 31, 2022, compared to QR33.8mn for the same period in 2021.
Sheikha Anwar bint Nawaf al-Thani, company CEO, said Al Faleh Educational Holding was able to achieve such revenue for several reasons, the most important of which is the increase in the number of students in the schools.
She said: “We expect additional growth for Al Faleh Educational Holding Company in the coming year, especially as we are currently working to get NEASC accreditation for Doha Academy schools, which shows the quality of education in our schools and our keenness to provide the best in the field of education.
“We are also working on introducing a range of specialisations by adding new university academic programmes at AFG College with the University of Aberdeen after obtaining the approval of the Ministry of Education and Higher Education.”
The board stressed the importance of these indicators, which are the main factors in building expectations of future revenues and net profits and enhancing shareholders’ value.
Sheikha Dr Aisha reviewed a range of non-financial achievements during 2021-2022, saying: “After more than 20 years of the establishment of Doha Academy schools, we have built a strong reputation in offering British curriculum with a focus on Islamic ethos within Qatar. We are proud of our students who continue to achieve the highest scores in international examinations. This year, the percentage of students who excelled in their AS Levels reached 86%.
“As for AFG College with the University of Aberdeen, we forged new collaborations through memoranda of understanding that include Al Jazeera Media Institute, beIN, and Talabat. These collaborations support our aspirations to increase the number of our students and provide more job opportunities for our graduates and undergraduates.”
At the conclusion of the meeting, the board recommended to the general assembly, which will be held on November 13, 2022, the distribution of profits to shareholders at the rate of 3.125% of the company’s capital.