Dubai school operator Taaleem sets IPO price range By Reuters November 10, 2022, 6:35 AM Taleem Taaleem plans to raise AED750 million from the IPO to expand its premium schools network Dubai schools operator Taaleem Holdings has announced a price range of between AED2.95 and AED3 ($0.80- 0.82) per share for its upcoming initial public offering. The company plans to list up to 25.32 percent of its share capital with the set price range implying a market capitalisation of between AED2.96 billion and AED3 billion at the time of listing, expected on November 29. The final offer price is expected to be announced on November 18. The company plans to raise AED750 million from the IPO to expand its premium schools network. Earlier, Taaleem’s chief executive officer Alan Williamson said the company operates in one of the fastest-growing premium K-12 markets in the GCC, a market backed by strong economic drivers and government ambition. He added that the company caters to rapidly growing segments in the private education market and is the only schools group involved in all three of the UAE’s government-partnership programmes. EFG Hermes UAE and Emirates NBD Capital have been appointed as joint lead managers for the Shariah-compliant offering, the document stated.
