Skip to content Skip to Search
Skip navigation

UAE’s Taaleem to raise $204m from IPO on Dubai bourse

By Pramod Kumar
Taaleem operates in one of the fastest-growing premium K-12 markets in the GCC Supplied
Taaleem operates in one of the fastest-growing premium K-12 markets in the GCC

Taaleem Holdings, the UAE-based K-12 premium education provider with 26 schools, will launch an initial public offering on the Dubai Financial Market to raise AED 750 million ($204.19 million) to expand its network.

The company will offer 10 percent of its shares to retail investors starting November 10 and 88 percent to professional investors on November 17, it said in its intention to float document.

The remaining two percent will be offered to eligible employees and eligible parents.

The final offer price will be determined through a book-building process, with the listing expected around November 29.

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.

According to the latest EY Mena IPO Eye report, the Mena region witnessed a 288 percent year-on-year increase in the number of companies listing between January and September, raising $14.7 billion in total – up 550 percent on the same period last year.

Latest articles

Flooding in Dubai affected many people's homes. Emaar has promised .free repairs for its residents, and an upgraded sewerage system is planned

Emaar promises free repairs as Dubai launches sewerage system

Emaar Properties is offering free repairs to residents whose homes were damaged during this week’s extreme flooding, as Dubai also announced an AED80 billion ($22 billion) sewerage system. The developer announced on Friday that it would repair all homes in its communities affected by the historic levels of rain, “at no cost to residents”. Emaar’s […]

A customer paying with a credit card inside the Black Friday Market in Beirut. Lebanon wants more people to move away from cash

Lebanon launches plan to promote use of bank cards

Lebanese central bank Banque du Liban announced a new agreement on Thursday that it hopes will result in a rebound in the use of bank cards. As part of the agreement, Mastercard and Visa will lower card fees on transactions, particularly for people with bank accounts based outside Lebanon. In a press release, the bank […]

Construction work in Kuwait. Nurseries, schools and shops are being built for the new residential district of Al Metlaa

Kuwait signs $140m contracts for Al Metlaa development

Kuwait’s Public Authority for Housing Welfare (PAHW) has signed two contracts worth KD42 million ($140 million) to construct public buildings in Al Metlaa, a new residential district north of Kuwait City. Nurseries, stores, schools and shops will be included, state news agency Kuna reported. Electricity connections have been provided for 109 buildings in the district, […]

Iraq gas oil

Iraq to auction 30 oil and gas projects this month

Iraq will auction 30 new oil and gas projects in two licensing rounds before the end of April. The bidding round will be held on April 27, Reuters reported, citing an oil ministry statement. Last October Iraq passed a long-awaited oil and gas law, which will help the country attract more international investments into the hydrocarbon industry and boost government revenues.  Ali Metwally, an […]