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

Saudi esports Savvy Games Video length: 05:07

Saudi Arabia plays the long game in a high-stakes market

Saudi Arabia has so far channeled $38 billion into the esports sector through its Public Investment Fund subsidiary Savvy Games Group. This includes high-profile acquisitions such as the $4.9 billion purchase of the Monopoly Go developer Scopely and the $1.5 billion buyout of ESL FaceIt Group, one of the world’s largest esports companies. Critics have […]

Mashreq Bank sells Neopay

Mashreq sells majority stake in NeoBank in $385m deal

Mashreq Bank has sold a 65 percent stake in its subsidiary IDFAA Payments, more commonly known as NeoPay, in a deal worth $385 million. The Dubai-listed lender sold the stake to Bahrain-headquartered alternative asset manager Arcapita Group Holdings Limited and Turkish fintech company Dgpays SARL, according to a bourse filing. It said Mashreq would retain […]

The global titans in the cloud computing market are jostling to get a foothold in Saudi Arabia

Global cloud platforms offer Saudis data protection promises

Saudi Arabia’s cloud computing market is heating up as global players find a footing in the country with promises to secure government information.  Saudi Arabia has set aside $18 billion to become a regional leader in cloud computing, the Saudi Data and AI Authority said this week, allowing foreign companies to open data centres.  Saudi […]

The company will develop a 1GW solar power plant and 100MW battery storage project

Egypt’s first hybrid solar project to break ground next year

Norway’s renewable energy producer Scatec will begin work on Egypt’s first hybrid solar power and battery storage project in the first half of 2025. The company has signed a US dollar-denominated 25-year power purchase agreement with the state-run Egyptian Electricity Transmission Company for a 1GW solar power plant and 100MW battery storage project. Financial details […]