Skip to content Skip to Search
Skip navigation

Taaleem profits rise with surge in UAE student numbers

UAE schools operator Taaleem said student numbers across its portfolio of 32 schools rose to almost 38,000 Wam
UAE schools operator Taaleem said student numbers across its portfolio of 32 schools rose to almost 38,000
  • Schools operator’s revenue up 15%
  • Enrolments increase by one third
  • Commitment to four new schools

An increase in student enrolments by more than one-third helped UAE schools operator Taaleem achieve a 53 percent increase in annual profits for the first half of the 2023-24 academic year.

Taaleem, which operates schools on behalf of the Abu Dhabi, Dubai and UAE federal governments, said student numbers across its portfolio of 32 UAE schools rose to almost 38,000. 

The company, which listed on the Dubai Financial Market stock exchange in November 2022, said this helped to boost its bottom line to AED183 million ($50 million).



Revenues were up 15 percent at AED549 million, while net debt dropped 30 percent to AED454 million.  

Enrolment growth was fuelled by a 52 percent year-on-year increase in students in its government partnership division and a 10 percent increase within its premium, top fee-paying schools portfolio.

About 20 to 25 percent of Taaleem’s annual student intake is new to Dubai, while 40 percent come from competitors, CEO Alan Williamson told AGBI in an interview earlier this year. 

The total number of students in the public and private sector in the UAE for 2020-21 stood at just over 1 million. This is expected to increase to 1.25 million students by 2030.  

Taaleem also secured contracts to manage six new government schools over the first half of the year.

A further school – Dubai British School Jumeira – is due to be handed over in May this year.

Williamson revealed the company had spent AED10 million on upgrading facilities across its network.

“Over the previous half-year we have continued to uphold our commitment to excellence in education through significant strides in enhancing our campuses, curriculum and community,” he said.

Taaleem has committed to four new schools in the Emirates to accommodate 8,000 students. As well as the Dubai British School Jumeira, there is also Dubai British School in Mira and the company is expanding Greenfield International School in Dubai Investments Park.

Taaleem raised $204 million from its IPO, selling 254 million shares, or a 25 percent stake in the company.

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 […]